We can’t afford to mess this up and get greedy showcasing everything that holds us back from competing. Would be nice to see some non-profiteering legislation!

That is a PR blitz, not logistics, not legal principles and certainly not laws.

But we can/will write into law ‘tax free’ concessions or what is otherwise known as ‘corporate welfare’.

Tax free concessions/corporate welfare for an event that is one of the wealthiest sports’ events in HISTORY.

Note, the event makes a profit for America’s Cup (the brand) – that will surely be written into the contract. But there is NO guarantee that that will translate into a profit to the public purse.

Many Bermudians can and/or possibly will make money, BUT that does NOT mean that the public purse will make a profit – there is NO guarantee here.

So, if no profit to the public purse, and if there is a shortfall to the public purse the Bermuda taxpayers ends up footing – an already unsustainable deficit (according to the trumpets of the OBA).

Who else will pay that bill, but the Bermudian taxpayers? Certainly not these millionaire yachtsmen who will have the pleasure of racing their multi million dollar yachts in Bermuda waters.

We once made the mistake of thinking that selling off the Bank of Bermuda Limited was a good thing, but we have not even been consulted by this Government even though this unprecedented event has ‘public interest’ legal principles.

We are being led by this tune akin to piped-piper.

Bermudians need to stop sitting on the wall and speak up.

An America’s Cup Act?

You write into law precisely what you intend to write off as ‘tax free’?

Tax free for yachtsmen who can afford multi-million dollar yachts?

Tax free to an international sports event that is three times the size of our education budget?

So you write into law to extend Bermuda’s deficit without any guarantees that a profit will be made?

Yes, a select few will make millions, but why are we playing Russian roulette with the public purse to make a select few overnight millionaires?

They even have a better climate “year round”!! Have been there 5/6 times over many yrs!!

The “reality” of the situation is overwhelming!!

They have the “logistics” as well as a very sound & tried “infrastructure” to hold these sail races without any problems!! They have successfully done-it-all before… Can BDA match that video??

I think they (BDA) will be lacking!! I’m sorry – but it is what it is!!

The fish is not in the boat !

Rather than tell the world how much money you hope to make, how about telling the world what we have to offer !

You have to give to get !

What will drive the people away is if they are trying to set some parameters for the course or other infrastructure issues and someone objects that is well within the law, it will not be able to be done.

Legislation actually helps to smooth he way.

The AC Act will set up all the logistics for us to host this event. Just read:

“In the event Bermuda has the privilege of hosting the Cup Finals, experience from former host venues indicates it will have a powerful impact on our economy over the next three years, attracting worldwide attention and generating jobs, investment and revenue across multiple sectors including, hospitality, construction, transport, security, retail, wholesale, real estate and telecommunications.”