America’s Cup Bermuda ‘Legacy Impact Report’

November 11, 2017

In addition to the PWC report, the America’s Cup Bermuda also released a 56-page ‘Legacy Impact Report’, saying that one of the aims of the event was to “ensure that Bermuda and its people can benefit from its legacy for many years to come.”

The report’s executive summary said, ”The 35th America’s Cup provided Bermuda with a unique opportunity to host the most prestigious international sailing event. It was also the largest event ever to be hosted by the island’s people.

Chart extracted from the report:

“The opportunity came with responsibilities; not least to ensure that the event was sustainably delivered but also to ensure that Bermuda and its people can benefit from its legacy for many years to come.

“An independent assessment of the sustainability of the event based on economic, social and environmental criteria was performed by PricewaterhouseCoopers Advisory Ltd, and is publically available.

“While related to the event only it provides evidence of the significant benefits already accruing to Bermuda and glimpses of the further legacy benefits to come.

“A recent study from a PwC network firm shows that optimum timing for assessing legacy benefits is between two and five years after an event owing to the fact that legacy benefits tend to accrue over a period of years post event.

“This report contains information relating to:

  • The areas of focus of America’s Cup Bermuda Limited [“ACBDA”] – the local organization tasked with delivering the event – to drive legacy outcomes;
  • Examples of significant legacy benefits that have already materialized; and
  • Insights and lessons learned that will allow Bermuda to extract greater legacy benefits from this event and also from future events.

The report notes that the twelve areas of focus are: “large-scale local or foreign direct investment, permanent enhancement of Bermuda’s brand health and profile, sustained improvements in GDP, jobs for Bermudians, macro-economic diversification, contribution within Bermuda’s tourism sector, infrastructure and urban regeneration, social cohesion and socio-economic equality by gender, race, ethnicity and age, maritime heritage and geographic location, sailing, health and wellbeing, philanthropy, community engagement and volunteerism, intellectual capital and ability to deliver major projects to a truly world-class standard.”

The 56-page America’s Cup Bermuda Legacy Impact report follows below [PDF here]

americas cup click here 2

Read More About

Category: All, News

Comments (23)

Trackback URL | Comments RSS Feed

  1. The real Terry says:

    Put on your thinking cap Onion Juice I am sure you will be able to come up with something negative about this article. You guys or girl make Mickey Mouse look like Superman compared to what you have ever achieved.

  2. wahoo says:

    Thank you ACBDA.

  3. voltage says:

    There is a lot of information in the public domain currently about the success of Americas Cup – congratulations to all involved.

    It is interesting to note that in 2017, with a population breakdown of 54% Black and 31% White, it is initially only white men who are positioned in this communication documents to share information: Peter Durhager, Michael Winfield, Arthur Wightman, and Gary Madeiros.

    Couldn’t they have shared their podium, power and positioning in a way that represents all of Bermuda?

  4. Paul Revere says:

    So @ The real Terry. You want me to believe that in the entire history of the America Cup, Bermuda somehow managed to be the ONLY destination NOT under budget and NOT in the RED?
    Do you really hear yourself?

    • The real Terry says:

      Sorry @Paul Revere my post was meant to be “tongue in Cheek”

    • wahoo says:

      I don’t think you followed his post very well he did not say anything like that.

    • keyboard says:

      Yes. You don’t? Can you hear yourself? Can you not understand basic budgets?

    • Franklin Jr says:

      I’m shocked you’re so familiar with the finances of the NYYC in the early 1900′s, a true historian!

  5. wondering says:

    Let’s hope we don’t pizz this opportunity into the wind with divisive rhetoric

  6. Dready says:

    PLP, can’t even convince for the boat parade!

  7. Triangle Drifter says:

    Thank you to all who got involved. Shame on those who did their best to make it a failure.

  8. ROGER LAMBERT says:

    The AC 35 had its good, undeniably. It didn’t bring the number of spectators as the Govt., some media & Organizers forecasted. Gladfully it supposed to had got to 450 million TV viewers. I wished any team that won would have it here the next time of it. Good Victory All Blacks. Not here, & HOPE a good practical number of sailing events happen in between the Newport & Marion Races. Then other Events are needed to be here throughout the year & especially during the slower months. I’m not saying any event as we still have to be selective.

  9. lalaland says:

    the plp cant even rip themselves out of a wet paper bag

  10. Miguelito says:

    A brilliant event to showcase the island to the rest of the world. Well done!

  11. wahoo says:

    We should have our own race every other year. Buy the the boats since the kiwis don’t want them and become Daytona on the water.

  12. wahoo says:

    We should have our own race every other year. Buy the the boats since the kiwis don’t want them and become Daytona on the water for a month.

  13. puzzled says:

    Pointless even commenting on this but thanks to everyone involved even the toilet cleaners and sweepers.
    I really feel for the island as it slips into negative future.

  14. Coffee says:

    Can someone tell me which firm gave a damning report on the airport deal ? I really hope it isn’t PWC .

    • wahoo says:

      I think that was the PLP. Can we get a report on BIU financials?

  15. Athena says:

    Well done to all involved organizers, volunteers, vendors and the OBA government who had the foresight to take this out of the hands of politicians and create the ACBDA.

    Now is the time to build upon and maximize this opportunity.

    Unfortunately, regressive actions currently seem to be the path our island is treading and these steps are not leading in the right direction for any future prosperity.

  16. Just saying says:

    Great job Bermuda!

  17. Greg says:

    Hopefully the regressive Labour Party won’t decide to give out complimentary AC profit Cheques to the sheeple ……yes they are that dumb