ACBDA To Hold Press Conference On Thursday
The America Cup Bermuda will be holding a press conference tomorrow afternoon [Nov 9] where they are expected to discuss the Economic, Environmental and Social Impact of the 35th America’s Cup on Bermuda.
According to the Potential Economic Impact [PEI] assessment released by the ACBDA back in 2015 before the event took place, the direct spending on-island for the America’s Cup was estimated to be “in the region of approximately $250 million.”
Slideshow of the America’s Cup Opening Ceremony in May 2017
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In August of this year, the Bermuda Tourism Authority released some statistics, saying that, “New statistical data from the Bermuda Tourism Authority reveals the five-week long 35th America’s Cup in May and June 2017 had a positive impact on the island’s tourism economy.
“An analysis of that time period shows air arrivals, cruise arrivals and superyacht arrivals all up sharply when compared to the same period one year ago.”
Bernews plans to carry live video of the press conference tomorrow afternoon.
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So,“An analysis of that time period shows air arrivals, cruise arrivals and superyacht arrivals all up sharply when compared to the same period one year ago.” I would hope so, but did it fulfill the promised boon?
Let’s hope that this means the PwC Report can be seen by the public, whether it is good or bad. The real question is why won’t the Government release it?
Why has the PwC report been suppressed?
We should all be proud of our island, the people that helped make the AC Bermuda such a great success, so why not be happy and share the information.
The biggest event in Bermuda’s history and the PLP and BIU put in the minds of our people that it is bad for Bermuda. That crab in the barrel mentality is no good for a small country like ours.