Latest / Best of Business / Mark Orams: sailing professor floats the idea of the America's Cup returning to Auckland

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Mark Orams: sailing professor floats the idea of the America's Cup returning to Auckland · Best of Business

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  Speaker 1: You're listening to a podcast from Newstalk SEDB. Follow this
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  Speaker 2: You're on news Talk SEDB. Auckland put its hand up
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  Speaker 2: for hosting rights for the thirty eighth America's Cup. Auckland
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  Speaker 2: Unlimited says it's been talking with Emirates team in New
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  Speaker 2: Zealand about bringing the race home. Bars alone is also
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  Speaker 2: just reported almost two billion dollars in positive impact from
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  Speaker 2: hosting the game, with Mark Worhams as a sailing professor.
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  Speaker 2: Mark good evening, Are there right? How likely is this really?
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  Speaker 2: Do you think?
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  Speaker 3: Well? I suppose it's a lot less likely than it
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  Speaker 3: was a few months ago when it appeared to be
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  Speaker 3: dead in the water at the opportunity for Auckland to
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  Speaker 3: host the next America's Cup. So the fact that there's
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  Speaker 3: at least a chance from the sailing community perspective, I
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  Speaker 3: think there's a lot of excitement about the possibility, even
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  Speaker 3: if it still remains I think in most people's minds
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  Speaker 3: a relatively remote one.
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  Speaker 2: Of course, the funding is the biggest she always has been,
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  Speaker 2: and it'll need central government, need counsel money, it'll need
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  Speaker 2: private money, and you've got Wayne Brown and Auckland saying
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  Speaker 2: he needs the bed tax to get this done, and
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  Speaker 2: then the government's reluctant to do that. I mean, how
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  Speaker 2: do you think that plays out?
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  Speaker 3: Yeah, I think you've put your finger on it is
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  Speaker 3: that it does require significant investment from a range of
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  Speaker 3: partners who've all got to come together and say we
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  Speaker 3: think collectively this is worth doing. And while there's a
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  Speaker 3: pretty impressive number that's come out of the study from
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  Speaker 3: the hosting in Barcelona, I think many people, including myself,
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  Speaker 3: see those sorts of numbers with some sort of skepticism.
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  Speaker 3: You can often calculate multiplier effects and so on to
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  Speaker 3: tell the story that you want to. So what really
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  Speaker 3: needs to be considered here in the potential of government
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  Speaker 3: and in the end taxpayer and rate payer money going
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  Speaker 3: into support an event like this is what is the
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  Speaker 3: return on that investment and can we be confident that
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  Speaker 3: it's worth the investment for the greater good of New
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  Speaker 3: Zealand and Auckland more specifically.
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  Speaker 2: Yeah, good point, Mark, And can we be confident in
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  Speaker 2: the actual assessments that are done to determine that as well?
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  Speaker 3: Mark?
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  Speaker 2: Thank you. Mark Orham's sailing professor with US on the
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  Speaker 2: prospects of the America's Cup returning to New Zealand twenty
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  Speaker 2: after five.
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