New Zealand's economy $293m worse off by America's Cup as 'significant deficits' revealed in cost-benefit report - News Summed Up

New Zealand's economy $293m worse off by America's Cup as 'significant deficits' revealed in cost-benefit report


17 June 2021 Team New Zealand flight controller Blair Tuke said "very challenging times" were at hand in the America's Cup going offshore. Video / NZ Herald17 June 2021 Team New Zealand flight controller Blair Tuke said "very challenging times" were at hand in the America's Cup going offshore. Video / NZ HeraldThe New Zealand economy was left $293 million worse off from hosting the 36th America's Cup, an official cost-benefit report has revealed today. America's Cup Events own contrasting reportIn contrast to the Auckland Unlimited and independent Fresh Info cost benefit reports, an evaluation of the benefits of AC36 was also released by America's Cup Events (ACE) today that painted a more positive economic picture. Auckland Council has also revealed today its spend on the event was $92m higher than has yet been made public.


Source: New Zealand Herald July 20, 2021 03:19 UTC



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