Newport Still Alive in America’s Cup Hosting Bid
December 18, 2010
According to Boston.com, a spokesman for Rhode Island Gov.-elect Lincoln Chafee says Chafee and representatives of the Golden Gate Yacht Club all agree that Newport is the “natural home for the America’s Cup.” This could mean a return of the Cup to Newport, Rhode Island, which hosted the race for its first 50 years.
All of this comes as welcome and surprising news to the local yachting community New England. Until now, it seemed that San Francisco was a lock-in to host the next America’s Cup, but things are apparently still up in the air due to the cost of holding the event.
According to Examiner.com, Chafee met privately on Thursday with team representatives of Cup Champions BMW Oracle Racing and with Keith Stokes, head of the state’s Economic Development Corp. Hosting the Cup could cost ten of millions of dollars, according to Stokes, but could boost tourism in Rhode Island while being paid for in bonds. Plus, the sum is much less than what it would cost San Francisco to upgrade its infrastructure to host the event.
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