Hashtag: #ACEconomy
Dr Grant Gibbons Trip To New York Cost $628.90
According to the latest listing on the Government’s travel webpage, the trip by Minister of Education and Economic Development Dr Grant Gibbons to New York for the America’s Cup announcement cost $628.90 — which is the lowest cost listed for a trip since the webpage went live. Chart showing the total listings since the webpage went live... Read more of this article
Dr Gibbons: Financial Aspects Of America’s Cup
[Updated] Bermuda will benefit from additional on-island spending of approximately $250 million from hosting the America’s Cup, the capital costs for Government associated with site preparation are estimated to be about $14 million, and Bermuda’s initial bid included a commitment to spend $5 million per year over three years. This, and... Read more of this article
Opinion: 90% Of Pie, Must Go To 90% Of People
[Opinion column written by Jeremy Deacon] The dust has hardly settled on the news that Bermuda has done the unthinkable – landed one of the world’s grandest sporting spectaculars, the America’s Cup – yet people are already asking questions. It is an absolutely phenomenal result for Bermuda that will put it in the world’s headlights for years,... Read more of this article
ABIC: America’s Cup Will Stimulate Economy
The Association of Bermuda International companies [ABIC] congratulated the Bermuda Government after it was announced that Bermuda would be the host for the 2017 America’s Cup event. Mr. George Hutchings, Chairman of ABIC, commended the Government on their support of the America’s Cup event, adding “that this will invariably stimulate the... Read more of this article
Preparations Will “Boost Economic Recovery”
The Bank of N.T. Butterfield & Son today offered its congratulations to the Government of Bermuda and the Bermuda Tourism Authority for staging Bermuda’s successful bid for the 35th America’s Cup. Brendan McDonagh, Butterfield’s Chairman & Chief Executive Officer, said, “Today’s announcement by the ACEA that Bermuda will be the host... Read more of this article
