Americas Cup
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This is a key section of the article:
At the council, there's a feeling that the investment in the Cup hasn't been worth it. Back in 2017, when the one and only business case for the event was conducted, MBIE estimated the 2021 America's Cup would add between $0.6 billion and $1b to New Zealand's economy.
By 2019, that cost-benefit ratio was valued at below 1:1 by New Zealand Initiative chief economist Eric Crampton and University of Auckland economics Professor Tim Hazledine.
Post the Covid-19 event, without international tourists and the lucrative superyacht trade, the direct economic losses will undoubtedly be massive when, and if, they are published by MBIE.
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@tim said in Americas Cup:
@canefan It's easy to circumvent paywalls.
It's a good article, and it's pretty clear to me that the America's Cup spending was a rather irresponsible waste of money, from a government with little interest in industrial development.
It was a pretty damn good party though
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Cork would have to a bit of a random choice, not sure locals would consider Ineos as theirs to support
it does look like a cracking harbour from a spectators point of view though
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@kiwiwomble said in Americas Cup:
Cork would have to a bit of a random choice, not sure locals would consider Ineos as theirs to support
it does look like a cracking harbour from a spectators point of view though
So essentially a neutral venue then?
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@canefan unless there is some Irish team out there i havent heard about
i guess there weren't Caribbean teams in Bermuda, cant remember if there were Spanish teams in Valencia
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@kiwiwomble said in Americas Cup:
@canefan unless there is some Irish team out there i havent heard about
i guess there weren't Caribbean teams in Bermuda, cant remember if there were Spanish teams in Valencia
Yeah, was a Spanish team in Valencia.
They spent over $3bn or something on doing the place up (not the team, the authorities).
If they hold this anywhere but AKL I would expect a huge backlash against TNZ.
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@tim Haven't read the article but the quote ignores the improvements along the waterfront that would have happened anyway but were brought forward because of the Cup.
So many of the improvements to Auckland's public spaces have been driven by AC and RWC2011. I'm happy that we don't see areal return but instead get quality infrastructure.
What's the ROI on Skypath or almost any public pool, library, museum, most roads ....
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Some rich kiwi had come out and said he will bridge the gap between govt offer and the money needed to host the cup in NZ. As long as Team NZ and RNZYS commit to NZ, if the money is there. FFS. Why do these tossers come out with this at the 11Th hour? And the govt offer is now not there, cos it's too late. Would've been nice a few months ago. Sailing twiggy
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@machpants said in Americas Cup:
Why do these tossers come out with this at the 11Th hour?...., cos it's too late
You've answered your own question.
"Oh... yeah, I'd be willing to spend a fuck-ton of money for this thing that everybody wants and be a hero... oh, it's too late, and I can keep all my lovely money, whilst keeping the hero-rep? That's a shame." -
@kruse said in Americas Cup:
@machpants said in Americas Cup:
Why do these tossers come out with this at the 11Th hour?...., cos it's too late
You've answered your own question.
"Oh... yeah, I'd be willing to spend a fuck-ton of money for this thing that everybody wants and be a hero... oh, it's too late, and I can keep all my lovely money, whilst keeping the hero-rep? That's a shame."That's my initial thought, tho this guy has actually stumped up before. But it is cockwomble territory to me.
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@machpants said in Americas Cup:
Some rich kiwi had come out and said he will bridge the gap between govt offer and the money needed to host the cup in NZ. As long as Team NZ and RNZYS commit to NZ, if the money is there. FFS. Why do these tossers come out with this at the 11Th hour? And the govt offer is now not there, cos it's too late. Would've been nice a few months ago. Sailing twiggy
Mark has always been an opportunist.
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@machpants said in Americas Cup:
@kruse said in Americas Cup:
@machpants said in Americas Cup:
Why do these tossers come out with this at the 11Th hour?...., cos it's too late
You've answered your own question.
"Oh... yeah, I'd be willing to spend a fuck-ton of money for this thing that everybody wants and be a hero... oh, it's too late, and I can keep all my lovely money, whilst keeping the hero-rep? That's a shame."That's my initial thought, tho this guy has actually stumped up before. But it is cockwomble territory to me.
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@kiwiwomble said in Americas Cup:
@machpants said in Americas Cup:
@kruse said in Americas Cup:
@machpants said in Americas Cup:
Why do these tossers come out with this at the 11Th hour?...., cos it's too late
You've answered your own question.
"Oh... yeah, I'd be willing to spend a fuck-ton of money for this thing that everybody wants and be a hero... oh, it's too late, and I can keep all my lovely money, whilst keeping the hero-rep? That's a shame."That's my initial thought, tho this guy has actually stumped up before. But it is cockwomble territory to me.
Cockwomble
(noun) A person, usually male, prone to making outrageously stupid statements and/or inappropriate behaviour while generally having a very high opinion of their own wisdom and importance. -
@machpants but you seemed to use it like it was bad
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I guess it's par for the AC
But I don't know what this Dunphy fella is playing at
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so Ineos have partnered with the Petronas F1 team and Alingi have signed on and partnered with the Red Bull Racing F1 team
looking lie where ever the next AC is held it will be a step up from last time technology wise from the contender side anyway
starting to feel a little like 2003, the game might be changing and someone is going to swoop in pinch it
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@kiwiwomble Luna Rossa rumoured to be partnering with Ferrari.
The ultimate mercenary Butterworth is still cashing in with Alinghi.
The inside story of how NZ won, then lost, the America's Cup
