there are six teams currently entered. using the 1,000 person estimate:

1,000 / 6 = 166.67 so 167 per team. Each America’s Cup boat has 11 sailors.

crew member + wife + 1 kid = 11 + 11 + 11 = 33
estimate support staff 20 per crew
33 + 20 = 53 people per team
53 x 6 = 318 people
1,000 – 318 = 682 unaccounted team members & family

estimate support staff 30 per crew
33 + 30 = 63
63 x 6 = 378 people
1,000 – 378 = 622 unaccounted team members & family

Not seeing the 1,000 number as being very realistic.

But your assumption then is that just the sailing team will come here? That, in your mind, is the whole “sailing team”? And they are the only people who will be here. Is that what you really think?

Most of the $250 million spending likely will be in infrastructure improvements over the next 2.5 years, mostly funded by the taxpayer & investors. City of San Francisco lost $5.5 million in the last AC.

I doubt the suggested estimate of headcount of 70 long term people per team. My guestimate with team members, support, and family members, is around 30 per team average. 6 x 30 = 180 people. Each team has their own headquarters in their own country where it makes sense for the development team to stay most of the time. Development can design & test remotely without needed to move to Bermuda.

Per terms with the AC organization, BDA Government granted tax, fees, and other exemptions to the organization, team, sponsors, etc. See AMERICA’S CUP ACT 2014.

PART 2 – CONCESSIONS & EXEMPTIONS
Advertising
Air navigation
Broadcasting and electronic communications
Customs duty
Employment
Food and drink
Health practitioners
Motor vehicles
Ships and boats: port dues, registration and mooring fees
Ships: compulsory pilotage

AND WHEREAS it is in the national interest to support the event by providing relief from certain taxes and fees, and by providing certain other modifications of legislative requirements which would otherwise apply, with a view to facilitating and assisting in the
conduct of the 35th America’s Cup in Bermuda.

new temporary residents and potential visitors alike will get enough of an insight into Bermuda’s political and social issues to formulate their own opinions about whether or not they wish to return

however I’m sure the OBA will handle the AC fallout the same way they handled the passing of the Gaming Act

first they’ll tout it as being critical to Bermuda’s economy and economic survival

then they’ll spout some nonsense about the PLP and their supporters not being onboard and looking to derail the event for political purposes

finally they’ll down play the overall importance of the event by saying it isn’t a panacea for the whole economy just an additional means of revenue for some

thereby lowering the expectations of the average Bermudian who won’t see any real or tangible benefits

Bermuda is in dire need of a concrete sustainable road map.

Dreaming of some miracle to sustain this country for the foreseeable future will not solve our problems .

look what happened to un~sustainable Iceland.

There is an economic war going on .

Time has come for the great minds of this country to sit down and devise an economic plan which will include every one who is prepared to work for it.

Promises do not work any more.

Taxation crushes development.

Unification of our collective talents is the only way.

Playing political football and back biting yields decisive results.

We are where we are because we all dropped the ball.

This country has some thing to offer, we have been doing it for years.

Stay there.

sad

You really can’t imagine that impacting the economy.

I’d hazard a guess that you’re not much of an “ideas” guy.

check yourself.

spectators for 2 years or spectators for 2 weeks

you jacka**

70 members x 6 teams = 420 person + family members

doesn’t look like any significant change to me

so if each team has up to 70 members there will be approximately 240 persons on island plus their family members

I hope you’re seriously not banking on these less than 500 persons to somehow rent enough houses, eat in enough restaurants, use enough electricity, buy enough insurance etc etc to turn this economy around in the long term

kind of reminds me when Paula Cox compared the US economy to Bermuda’s

when she said the US economy is like a cruise ship in that it is slow and difficult to change course whereas Bermuda’s is like a speed boat being fast and quick to maneuver

personally I’ll rather be on a slow moving cruise ship as opposed to a tiny boat that will probably tip over and sink

Besides the direct “AC” temporary jobs there will be construction and hotel positions increasing. This 1 event won’t fix our financial problems but it is a step in the right direction (if we do it right)

An official and Youth & Sport told me the teams have already been here scouting out their living arrangements with one group looking to book out an entire smaller guest property. Each team has up to 70 members (including sailors, managers, design team, shore support). We will have 2 1/2 years of economic activity from this. They will be buying groceries, renting houses, guest cottages, hotel rooms, eating in restaurants, shopping in restaurants, using electricity, buying insurance from the local insurers, buying gas, using taxis, buying scooters, etc etc.

We are going to get a solid financial benefit from this. It isn’t going to be as much as San Francisco or Valencia (the last two places the AC was held) because we can’t handle as many people, but it will still be significant.

so the grim reality is that you won’t see any real economic activity until around the time the event is to be held and ending sometime shortly thereafter

any other suggestions about long term activity is just politicizing

– Hans & Franz

Also, Portsmouth is able to welcome day trippers from within UK. If you think about how many hotel beds are within a one hour drive or train ride. These day trippers will still spend money in Portsmouth (parking, food etc.). That is obviously not an option in Bermuda.