Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

New Economic Impact Study into America’s Cup

18 October, 2002 Media Statement


Taskforce and New Economic Impact Study into America’s Cup


A new economic impact study is to be carried out into the spin-offs to the economy and local businesses from the Louis Vuitton and America’s Cup regattas, Minister for the America’s Cup Trevor Mallard and Tourism Minister Mark Burton announced today

The study is jointly funded by the America’s Cup leverage fund and Auckland City Council, and is a repeat of a 1999/2000 study which estimated that $640 million in extra economic activity was generated by the last America’s Cup racing.

“It’s important that research like this continues that can pinpoint the wins made, and give us information as to how best to maximise the benefits to New Zealand as a whole, and to other agencies and businesses associated with the Cup,” Trevor Mallard said.

The minister was speaking at the launch of the Base Club ambassadors programme at the Viaduct Basin in Auckland – another event designed to maximise economic gains from the Cup through networking between local business and overseas VIPs.

Trevor Mallard also announced he had reached an agreement in Auckland earlier today, to form a taskforce which will examine the issue of bases for the 2006 America’s Cup.

“Because of commercial development it is clear that additional bases will be necessary. The taskforce will consider options and will be privately funded,” Trevor Mallard said.

Tourism Minister Mark Burton said reports already received show that over the 2000-02 period extra spending is estimated to have reached $73 million, generating $65 million in added value to the national economy - even before the defence has begun.

An estimated 1470 full-time job equivalents have been created in the build-up period alone, mostly in construction, commercial accommodation and hospitality, marine services, retail, entertainment and transport.

“The America’s Cup impacts on the entire country, and the long-term spin-offs for tourism are enormous. A comprehensive study such as this one means that Tourism New Zealand will be better equipped to realise this potential. It will provide the data necessary to analyse the value added to the economy, as well as evaluate issues of employment and infrastructure within the sector.”

The full economic impact study will use information collected through the International Visitor Survey and the Domestic Travel Survey to capture travel behaviours and spending of domestic and international visitors.

Over the next five months there will also be surveys of a wide range of local and national business, from travel agents to marine suppliers, from events organisers to infrastructure developers.

The results will be available in the second half of next year.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More

 

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>

ALSO:


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list


Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>

ALSO:


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>

ALSO:

Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?
More>>

ALSO:

CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages