Fact is, this island needs more people, more overseas cash, and more of it circulating.

One should always be sure or what they are talking about too.

For example:
How does the “San Francisco Economy” relate to the San Franciscan?

Another point to consider:
The article discloses,

“the America’s Cup generated $364 million in economic activity at a minimum and created almost 2,900 jobs”

but at the same time says,

“Does not include more than $180 million spent on long-planned city infrastructure projects”
and,
“The terminal IS factored in, though, in the jobs, tax and economic impact categories.”

This is akin to calculating profit directly from revenue without subtracting costs.

Lastly,

Jobs are not the same as Careers.

Here are the steps to follow when making important decisions for the sake of all stakeholders.

1. Knowledge
2. Statistics
3. After you are satisfied with the knowledge and statistics, then you can Trust.
4. and take the Gamble. (it is and always will be a gamble).

Disclaimer.
I do not work in politics, nor do I support any particular political party.

“America’s Cup put San Francisco $5.5 million in the red”
is the title of the article.

Just forwarding information.

Anyone who wishes to delve deeper can do so.

The PAC is nothing like an audit.

Oh, and the Port Royal audit report was just issued a few months ago BTW. If you don’t think there were going-ons when each and every capital project resulted in millions upon millions of overruns then you it must be sheer incompetency. The latter is much worse than the former as you can’t fix stupid.

PS: There are investigations that remain ongoing. Just listen to the HoA when Michael Scott queried why a forensic accountant has been on island for the past year and then listen to the former Premier’s speech at the last labour day to confirm that the investigations are still being conducted. These aren’t dumb shoplifters we are talking about.

Once can only imagine your response when the ‘dirt’ is revealed. Probably will follow the lines of you don’t believe it and it is all conspiracy by the big bad OBA against infallible and innocent PLP blah, blah, blah!

Also, did you see the report where 46 (38 of them local) companies have already benefited from the AC, providing 189 workers jobs they otherwise wouldn’t have had as well as pumping $5mn into the economy so far that wouldn’t have occurred without the AC. And that is only the first few months. But I am sure you and yours will b**** and moan that the AC isn’t simply handing out wads of cash to whoever you consider ‘common folk.’ Entitlement at its best/worst.

Burt should resign now and let’s have an independent professional chair it.

A

Even the article you cherry picked from 2013 states “That spending, though, allowed the city to host an event that drew more than 700,000 people to the waterfront over roughly three months of sailing and generated at least $364 million in total economic impact, draft figures from the Bay Area Council Economic Institute reveal. That figure rises to more than $550 million if the long-planned construction of a new cruise ship terminal, which the regatta served as a catalyst to finally get built, is factored in.”

“Not including the construction of the new cruise ship terminal, the America’s Cup generated $364 million in economic activity at a minimum and created almost 2,900 jobs, according to the Bay Area Council Economic Institute.”

Go back and read the whole article.

… and San Fran is a much larger sponge than BDA.

Knowledge and statistics ‘vs’ Gambling and trust

Details at: http://www.sfgate.com/bayarea/article/America-s-Cup-put-San-Francisco-5-5-million-in-5050201.php

Any idea when Port Royal will be in front of the PAC?

Now when will the so called Port Royal ‘overruns’ be debated by the PAC?