As at February 2014 the San Francisco confirmed that it cost tax payers $5.5mn to host the Americas Cup with another $5.5mn related to the San Francisco Port “which has its own budget funded by rent revenue from its property—not taxes.”

The estimated economic activity from the event was noted as being $550mn.

http://sanfrancisco.cbslocal.com/2014/02/11/americas-cup-cost-sf-11-5-million-doubling-estimates/

http://www.bizjournals.com/sanfrancisco/morning_call/2014/02/san-franciscos-americas-cup-ellison.html

I had to dig up the information on 2012′s spending costs to host the event by the City of San Fransico – $325.58 million dollars.

Dr Grant Gibbons, Bob Richards and the OBA government are willing to commit more than quarter of a billion dollars on a single sporting event?

Is this the same government that tells us that there is NO money in our public purse for social programmes?

Is this the same government that jeers, ridicules and releases an unending statements, responses and counter-respones that the PLP has bankrupt the economy?

So, Messrs Gibbons and Richards, is Bermuda printing its own curreny now. Or put in plain english, how will the OBA government pay for this event?

The OBA should take advantage of the Tripartite to reveal their intentions, or now is the time that Bermuda should say no to their grand design.