TVNZ would also be livestreaming the event.
Mr Brown said there had been "overwhelming feedback'' from Aucklanders keen to acknowledge Team New Zealand's incredible effort on the water.
"I'm really proud of the team, and I know Aucklanders will want to turn out in numbers to welcome them home.
"While we didn't win, we showed why New Zealand is among the best sailing nations in the world, both for the innovation that goes into building our boats, and the skill of our sailors,'' he said.
Dave Dobbyn would also be at the event, performing Welcome Home.
Following the formalities, members of Team New Zealand will be taken by boat on a brief trip around the Auckland waterfront. They will go past Queens Wharf, Halsey Wharf and into the Viaduct.
Welcome Home Team New Zealand, Friday 4 October:
* Doors to Shed 10 open at 11.30am
* Queuing for entry will open at 11am
* Powhiri at midday to welcome the team
* Series of speeches, including talks from Dean Barker and Grant Dalton
* Team New Zealand to depart Shed 10 by boat and be taken past Queens Wharf, Princes Wharf, Halsey Wharf and into the Viaduct
Source: Auckland Council