America’s Cup has taken San Francisco out of the running to host the next race in 2017, according to a statement on its website.

“The America’s Cup community would like to take this opportunity to thank San Francisco for providing such an iconic backdrop to some of the best racing in America’s Cup history last summer,” read the statement. “Although it is time for the America’s Cup to move on for the next edition in 2017, San Francisco will always be a chapter in the America’s Cup story.”

San Francisco hosted the 34th America’s Cup in 2013. San Diego, Chicago and Bermuda are still in the running to host the 2017 race.