Bermuda Selected as Home of America’s Cup in 2017
HAMILTON, BERMUDA (December 2, 2014) – The America’s Cup Event Authority (ACEA) announced today in a press conference in New York City that Bermuda has been selected to be home of America’s Cup in 2017.
The world’s premier sailing event will make its next home on an island whose very foundation is sailing. The successful bid was won by Bermuda following months of careful negotiation and consideration by a small team of dedicated Bermuda Government officials and private sector volunteers led by Minister of Education and Economic Development, Dr. the Hon. Grant Gibbons JP MP.
“We are delighted to bring the 35th America’s Cup to Bermuda in 2017. Being home of the America’s Cup is an extraordinary opportunity that fits the heritage, profile, culture and future of Bermuda and its people,” stated The Hon. Michael Dunkley, Premier of Bermuda.
“We thank the America’s Cup Event Authority for their confidence in us – and for their vision to evolve the experience for spectators and participants alike. There is no better vivid and hospitable setting than Bermuda to stage an event of this nature and for the next evolution of this sport. Indeed, this designation marks an exciting new chapter for our island as well.”
Premier Dunkley continued, “From the very start Bermuda’s bid was designed around our strengths – our maritime legacy and sailing conditions, our innovation in business and tourism, of course the hospitality and spirit of our people, and our intimate and unmatched setting for such a spectacular event.”
“The America’s Cup is a world-class event that aligns perfectly with Bermuda,” added Minister Grant Gibbons. “There’s no better event to help shine a new world spotlight on our legacy and commitment to business, tourism and indeed the sailing community than the America’s Cup. Global television coverage will focus all eyes on Bermuda for the 2017 Americas Cup events, beginning with the America’s Cup World Series event in October of 2015 through to the Americas Cup Finals events in 2017, to witness the rejuvenation of our island in the middle of the Atlantic.”
Dr. Gibbons continued, “The impact will be immediate, and will only grow over time leading up to the actual event. On top of the significant tourism spending traditionally associated with these types of major sporting events, we can expect families from teams around the world to relocate to our island, supporting and spending throughout our communities well before the events. Given our Atlantic location, between North America and Europe we offer a better connection with the international yachting community and the spending associated with that influential market segment.”
The announcement of the America’s Cup 2017 comes on the heels of a number of exciting new developments for the island, including the groundbreaking on redevelopment of Ariel Sands by acting icon Michael Douglas and the significant makeover of the Fairmont Hamilton Princess. America’s Cup will act as a catalyst for further investment and revitalization of Bermuda and her assets by both the government and the private sector.
The Royal Naval Dockyard, with its magnificent setting and rich maritime history, was selected as the venue to base the 2017 America’s Cup. A purpose-built event village will be developed in the South Basin of Dockyard, offering an unparalleled viewing experience, along with infrastructure to support and service the sailing teams and spectators. All developments associated with the America’s Cup will be designed to be sustainable and in the best long-term interests of Bermuda and Bermudians. The work to develop the event village will dovetail with the investments made by Bermuda’s government in the restoration and evolution of Dockyard, a publicly owned property.
- ENDS -
POTENTIAL ECONOMIC IMPACT & COSTS OF AMERICA’S CUP
The Bermuda team worked diligently to negotiate and evaluate the economic benefits for the island. They continue to assess the costs as well as the impact, based on historical information from other America’s Cup destinations and Bermuda’s unique island infrastructure. The America’s Cup impact is not isolated to just a single-day event; multiple events, enduring over months, will be held in Bermuda leading up to the final races, including months of training and preparation leading up to the 2017 event.
ABOUT BERMUDA’S BID FOR AMERICA’S CUP
Bermuda submitted its first proposal to America’s Cup Event Authority in March, 2014. Bermuda was named a finalist, along with San Diego, in June, 2014 and in November 2014 was awarded the America’s Cup World Series Racing Event to be held October 2015.