America’s Cup: Improved Economic Forecast for Bermuda
Published on October 29th, 2015
The economic impact of the America’s Cup in Bermuda could be bigger than originally forecast, according to Minister of Economic Development Dr. Grant Gibbons. The impact assessment by the Bermuda America’s Cup Bid Committee, released in October 2014, projected an economic impact of $242M for the island. That report was based in part that the challenger teams would be in Bermuda for a period of only three months in 2017. Those figures are now impacted with both Artemis Racing and Team Softbank Japan already based in Bermuda. Full report.