The San Diego City Council approved a resolution supporting the city's interest in hosting the America’s Cup in summer 2017.

San Diego is a finalist site with the nation of Bermuda to host the 35th edition of the yacht race, which is the pinnacle of sailing and whose trophy is reputed to be the oldest in international sport. San Diego has hosted the Cup series in 1988, 1992, and 1995.

The Port of San Diego submitted a proposal last year to host the event and was notified recently that San Diego is a finalist site.

A final decision is expected by the end of the year, said city officials.

Unlike previous America’s Cup races, this one is planned to be held in San Diego Bay rather than off the coast. That change is expected to draw more viewers, and attendance to the region, officials said.

San Diego Mayor Kevin Faulconer said that bringing back the race here would be great for the city and benefit the economy. “This would be a phenomenal opportunity to showcase San Diego to the rest of the world,” Faulconer said.