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America's Cup: Dalton pleased with outcome of massively compromised event


Emirates Team New Zealand win the 36th America s Cup © ACE / Studio Borlenghi
America’s Cup Event Ltd (ACE) has released its event delivery report for the 36th America’s Cup presented by Prada. The report is independent of the NZ Government/Auckland Council report which was also released today, but which focuses on financial and economic aspects of the 36th America s Cup regattas.
With one exception, the ACE report has not been mentioned by New Zealand media, who have instead focused on the NZ Govt and Auckland Council report issued later.
The ACE report properly excludes all legacy infrastructure cost, while the Auckland Council/NZ Govt puts that cost into the financial analysis for the event and comes up with a staggering cost of $766million to stage the 36th America s Cup. ....

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America's Cup: New Zealand made $156m loss on hosting event


America s Cup: New Zealand made $156m loss on hosting event
© RNZ / Amy Williams
New Zealand made a loss of $156 million from hosting the America s Cup event in March.
An evaluation report released by the Crown and the Auckland Council shows that for every dollar spent, 28 cents was lost.
The loss is put down to higher than projected public investment, few international visitors, and only three of the potential 10 challengers racing.
The Ministry of Business, Innovation and Employment (MBIE) and Auckland Council cost-benefit analysis found the 38,745 people who visited Auckland during the event spent $298m, and it was the most watched America s Cup of all time. ....

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