Opportunities presented by America’s Cup in Bermuda

Here is an America’s Cup News Release that we found over on Bernews.  Thanks, guys!

Yesrterday [Feb 26], the ACBDA released a progress report and an infographic to show a road map forward — from winning the bid to host the America’s Cup to the line-up of events to play out in Bermuda during the summer of 2017.

CEO Mike Winfield said,“We are pleased and excited about the opportunities the America’s Cup will create over the next several years as well as the legacy benefits for many years to come for Bermuda and its people.”

Opportunities presented by America’s Cup in Bermuda

An infograph was created for local media outlets and the general public to use as reference source. The graphic can be found at here, and is also located below.

Mr. Winfield added, “While are still in the beginning stages to engage the wider community in America’s Cup-related activities, we are making progress.

“Within the next few weeks we will be selecting a public relations and communications team to assist us in the very important task of community engagement and outreach. We were pleased to have interest from 11 parties and the communications committee ultimately reviewed the 8 proposals submitted by organizations and individual alliances.”

Infographic released by the ACBDA, click to enlarge

Opportunities the America’s Cup will create over the next several years as well as the legacy benefits for many years to come for Bermuda and its people.
Opportunities the America’s Cup will create over the next several years as well as the legacy benefits for many years to come for Bermuda and its people.

The ACBDA said they have “made the following progress to date, and more is on the horizon”

ACBDA established – Jan 2015

Board of directors announced – Jan 2015

Issued Public Relations & Communications Partner Request for Proposal [RFP] – Jan 2015

Issued RFP technical software/hardware support for its small office – Jan 2015

Issued RFP for Dockyard Site Preparation Contractors – Feb 2015

Meeting with representative groups such as: Bermuda Economic Development Corporation, Bermuda Tourism Authority, Chamber of Commerce, Ascendant, Representative group of the Bermuda sailing community, St Georges, Corporation of Hamilton, Charter Boat Operators, BEST and related environmental entities, to name but a few

Working with Team Oracle and Team Artemis assisting with the design of their bases and advancing the overall design of the event village

Assisting ACEA and teams with housing, schools and related relocation issues

Preparing initial budgets

Discussing overall planning, permitting and environmental issues

Finalizing the office set up for the ACBDA and ACEA. ACEA office to open March 2015

One commenter at Bernews, Ed Case, says:

“This is a gift to Bermuda at exactly the right time.  There’s something for just about everyone – except for those who sit, complain – and then wonder why they didn’t benefit.  Get moving Bermuda.”

And another commenter, more than enough, says:

“i’m not so sure of bob’s initial outlook on returns from hosting this event, already team nz has cut over 20 mil. from their budget, with every team member taking a significant pay cut… sponsors pulling out, and its still early days, the acbda office isn’t even open yet.”

What do you think?  Leave your thoughts below!

MPs approve America’s Cup tax concessions

Bermuda government approves America’s Cup concessions

Legislation offering America’s Cup-related concessions was approved by the House of Assembly last night, with both parties promising unequivocal support.

Economic Development Minister Grant Gibbons
Economic Development Minister Grant Gibbons – photo: parliament.bm

Minister of Economic Development Grant Gibbons explained that the legislation represented the Government carrying out its promises to the America’s Cup Events Authority (ACEA), made during the bidding process.

“What they said is, in order to consider Bermuda, here’s what we need, here’s what we need to do,” Dr Gibbons said. “We were in competition against a number of other jurisdictions and we all know Bermuda is an expensive place to live and do business.

“When the announcement was made we knew we only had a week or so because we had to put a piece of legislation down and needed to get it passed by February 28. If not, the board can change its mind if they want to.

“This is all about fulfilling our commitment under the bid document.”

Under the legislation, ACEA, Team Oracle and various partners would be able to avoid various fees, including Customs Tariff duty on vehicles and the employer’s portion of payroll tax.

The concessions also allow organisers to bring a number of limousine-size vehicles to be used during the event, under the condition that the vehicles be driven by qualified Bermudians. Show cars may also be brought to the Island specifically for marketing purposes, with Dr Gibbons noting that past America’s Cup events have been sponsored by car companies.

Dr Gibbons said as many as five helicopters would be used along with unmanned drones to record the event and capture the Island’s beauty.

Meanwhile, he said as there were not enough charter boats on the Island to meet demand, visiting charter boats up to 50ft in length would be brought to Bermuda, adding that Bermudian charters and companies would be given priority.

Opposition Leader Marc Bean warned “despite all the glitter, all will not be gold”, saying that the distribution of wealth from the America’s Cup would not be even. He particularly took issue with the Government for suggesting that Bermudians must not feel entitled to benefit saying: “Don’t think those eating at Belagio-style buffet table to tell people who are eating crumbs how to think or act. You tell us not to feel entitled when you are the architect of entitlement. Because its taxpayer funds I hope everybody gets paid if they have a desire to.”

Shadow Health Minister Kim Wilson said she hoped a provision would be written into legislation for incentives to be exchanged for the concessions and exemptions being offered.

“In return the person receiving the concession they should contribute something to the social fabric of Bermuda for example — youth development and sailing alike.”

Of more concern to Ms Wilson was the provision to provide equal opportunities for all when it came to reaping the economic benefits the event presents.

PLP MP Wayne Furbert said the Opposition unequivocally supported the America’s Cup coming to Bermuda, but criticised what he said was a lack of cooperation with the party.

“We have to be sure that the economic benefit is spread wide and deep, and that there’s no one not only left out of the America’s Cup activities and not only feel it in their pockets but see it in their bank accounts.

“I would have thought that with this particular event that the Government who wants everybody on board would have included the opposition in many of the decisions. This event does not belong to the OBA government. It belongs to the people of Bermuda, considering the amount of money they are paying for it, so I would have thought we would be included.”

While he questioned why the PLP were unrepresented in the ACBDA Committee, Dr Gibbons later responded that the body was a working group with no political members, but that the opposition could play a role on advisory groups.

Kenneth Bascome said that he had been proactive in St George’s and had initiated a conversation with the America’s Cup officials. He said plans were under way for events in the Olde Towne including a concert that could be aired on CableVision. He encouraged all Bermudians not to wait to be invited to get involved but rather be bold and approach the organisers with ideas. “If you are afraid of being rejected, you will always be a failure,” he said.

OBA backbencher Leah Scott repeated calls for cooperation between the parties, saying that the Opposition is able to reach people the OBA may not and vice versa, while PLP’s Rolfe Commissiong called for diversity to be a focal point in the event noting the Island’s little-emphasised history of skilled black mariners. Tourism Minister Shawn Crockwell was pleased to see support, calling the event a once-in-a-generation opportunity for the Island which can redefine Bermuda in terms of tourism.

“The marketing and media exposure that we could get for this event, we could never pay for,” he said. “Never have we had such exposure. That is the potential that we have for this Island and the event is going to be on our greatest asset — the water. We can look forward to thousands of people that will converge on Bermuda.

“I believe it’s such an event that if you have an entrepreneurial spirit, it’s almost impossible not to be able to figure out how to make a good buck when tens of thousands of people are going to be here with needs.”

Answering criticism that Front Street was a location chosen for special rights to have occasional licenses granted to sell alcohol at closed off events for the likes of team bases. Culture Minister Patricia Gordon-Pamplin said the decision was made because of Front Street’s waterfront location. The Liquor licence Authority can grant such licences to other areas.

Dennis Lister asked why you need a waterfront property to benefit and calling Front Street the “traditional bastion of the oligarch”, while Shadow Transport Minster Lawrence Scott called for Bermudians to be defined in the legislation as more than just “labourers” but rather “designated commercial partners” who could receive funding to help start up new companies.  – See more at: http://www.sailingscuttlebutt.com/2015/02/14/bermuda-government-approves-americas-cup-concessions/

America’s Cup 2017 Priority at RHADC for Marion Bermuda 2015 Racers


Organisers of the Marion to Bermuda Cruising Yacht Race have offered this year’s entrants an additional bonus of preferred viewing of the America’s Cup in 2017.

America’s Cup 2017 Priority at RHADC for Marion Bermuda 2015 Racers

Racers will earn priority status at the Royal Hamilton Amateur Dinghy Club (RHADC) to experience the 2017 America’s Cup being sailed during June. Participating in the 2015 race will act as a warm-up trip to Bermuda that will enable participants to make a crossing to Bermuda and become familiar with all that the Island has to offer for their next race.

Royal Hamilton Amateur Dinghy Club flag. photo: rhadc.bm
Royal Hamilton Amateur Dinghy Club flag. photo: rhadc.bm

That race in 2017 will be a special “race in company” to watch AC35 in Bermuda from the comfort of their own boat.

“Racing the 2015 race leads to special opportunities for those interested in this year’s race and in the next race, too,” said Ray Cullum, a past commodore of the Beverly Yacht Club in Marion and the marketing director for 2015. “Skippers racing this year will be given preferential dockage and mooring space at RHADC in 2017.

“Skippers and crew in the 2015 race will have the current rates guaranteed plus first refusal on dockage and mooring space for the 2017 race. They may also receive special discounts following this year’s race surrounding their stay for the America’s Cup.”

The Bermuda Tourism Authority has elevated the Marion-Bermuda race from the “Tourism Experience” level to “Signature Event” status under a new funding programme for 2015.

The additional marketing will be used to enhance the Bermuda experience for Marion-Bermuda race participants and their friends, families and the return crews who come to Bermuda and the RHADC for the race itself and to enjoy Bermuda.

Ed Faries, the RHADC commodore, hopes to see a large turnout. “We expect that with all the attention Bermuda is getting as host to the next America’s Cup, we will have a good size fleet this year,” he said. “With the support from the BTA, we are planning some new experiences which will extend the Bermuda experience for our sailors to include tours of the America’s Cup venue and may also include a post-race ‘Explore Bermuda’ cruise to experience future yachting amenities planned or now under development.”

Marion Bermuda race contestants get priority for America's Cup in Bermuda in 2017.
Marion Bermuda race contestants get priority for America’s Cup in Bermuda in 2017. photo: marionbermuda.com

Since its inception in 1977, the biennial Marion-Bermuda Race has been a premier 645-mile ocean race and sailing event that appeals to a broad range of cruising and racing enthusiasts. The spirit of the race is one focused on family and fun. It is organised and run by hundreds of volunteering members of the Beverly Yacht Club, the Blue Water Sailing Club and the RHADC for the Marion Bermuda Cruising Yacht Race Association.

America’s Cup Priority at RHADC for Marion Bermuda Racers

[Written by Talbot Wilson] Racers entering in the 20th Marion to Bermuda Cruising Yacht Race that starts June 19, 2015 will earn priority status at the Royal Hamilton Amateur Dinghy Club [RHADC] to experience the 2017 America’s Cup being sailed during the month of June.

Participating in the 2015 race will act as a warm-up-trip to Bermuda that will enable participants to make a crossing to Bermuda and become familiar with all that the islands have to offer for their next race. That race in 2017 will be a special “race in company” to watch AC35 in Bermuda from the comfort of their own boat.

“Racing the 2015 race,” said Ray Cullum, a past Commodore of the Beverly YC in Marion and Marketing Director for 2015, “leads to special opportunities for those interested in this year’s race and in the next race, too.

“Skippers racing this year will be given preferential dockage and mooring space at RHADC in 2017. Skippers and crew in the 2015 race will have the current rates guaranteed plus first refusal on dockage and mooring space for the 2017 race. They may also receive special discounts following this year’s race surrounding their stay for the America’s Cup.”

Apply for an invitation and register for the 2015 Marion Bermuda Race and enjoy the benefits during the America’s Cup in 2017. To date there are 35 yachts entered or in the process of entering.  www.marionbermuda.com