Government says cost to host 38th America’s Cup was too high

(Image: Getty)
The Government decided not to back Tātaki Auckland Unlimited’s request to support hosting the 38th America’s Cup in Auckland due to cost.“After considering the proposal, ministers decided the estimated cost of $75 million, and possibly more – due to the uncertainty about local government and philanthropic support – was too high,” Economic Growth Minister Nicola Willis said in an emailed statement.“We recognise the benefits of hosting events like the America’s Cup. Auckland would have been a great...
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