Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

America’s Cup providing a windfall for Auckland


America’s Cup providing a windfall for Auckland City

Auckland City Council is welcoming news confirming the substantial cash injection into the local economy by its association of hosting the America’s Cup.

The Economic Impact Assessment Report released by the Ministry of Tourism shows the local economy has benefited from syndicate and related activity to the tune of $60m.

The job market has been bolstered by an additional 1,320 full-time jobs created over a number of sectors between 2000-2002.

Councillor Mark Donnelly, Chairman of the Strategy and Governance Committee commented, “The feeling was that the America’s Cup 2003 would have significant impact this time around. This report confirms this, indicating twice the expenditure at the same stage of the 2000 Defence.”

“This is a telling indicator of what we can expect over the next five months. During the 2000 Defence, Auckland’s economy enjoyed a $473m boost and based on today’s report, we can only predict further good news.”

Major sectors to have benefited include $23m on commercial accommodation and hospitality, construction (expanding syndicate bases), marine services, retail and entertainment and transport.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Zimbabwe: New Democracy, Or A False Dawn?

Gordon Campbell: Robert Mugabe = Hosni Mubarak. The current jubilation on the streets of Harare at the fall of Zimbabwe’s dictator Robert Mugabe is genuine, and one hates to be negative about the country’s future. Yet the situation is eerily similar to the scenes in Cairo in early 2011, when a popular uprising swept Hosni Mubarak from power in Egypt. More>>

 

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election