America’s Cup Bermuda: Under budget and over-delivered on economic forecasts

November 9, 2017


America’s Cup Bermuda: Under budget and over-delivered on economic forecasts The price tag for hosting the 35th America’s Cup has come in well under budget, at $64.1 million; that’s nearly $13 million less than expected and the revenues generated in Bermuda from the event, have exceeded forecasts.

When Bermuda was announced as the host venue, the government committed a $77 million investment and forecast a return of $242.2 million additional economic activity. Instead, the project cost just $64.1 million (including all direct spending) and generated economic activity of $336.4 million, a significant $94 million more than forecast. Click here to download full press release

  PwC Economic, Environmental and Social Impact of the 35th America’s Cup on Bermuda And ACBDA Legacy Report – Oct 2017