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The America's Cup: Economic Impacts of a Match - Bay Area Council

The America's Cup: Economic Impacts of a Match - Bay Area Council

The America's Cup: Economic Impacts of a Match - Bay Area Council

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Contents<br />

Executive Summary 1<br />

Introduction 3<br />

What is the <strong>America's</strong> <strong>Cup</strong>? 4<br />

Details <strong>of</strong> an <strong>America's</strong> <strong>Cup</strong> Defense 7<br />

Tourism <strong>Impacts</strong> 9<br />

San Francisco 10<br />

Regional <strong>Impacts</strong> 12<br />

Port <strong>of</strong> San Francisco 14<br />

Estimating the Potential <strong>Economic</strong> <strong>Impacts</strong> 15<br />

Participating Agents 16<br />

<strong>The</strong> <strong>Economic</strong> Impact 23<br />

Implications for New Tax Revenues for the San Francisco General Fund 25<br />

Employment Effects by Occupation 26<br />

Results for the <strong>Bay</strong> <strong>Area</strong>, California, and the United States 27<br />

Comparison to Valencia and Auckland 31<br />

<strong>America's</strong> <strong>Cup</strong> <strong>Economic</strong>s: Costs and Caveats 32<br />

Sensitivity Analysis 33<br />

Summary 36<br />

Appendix A: Detailed Results by Agent 38<br />

Appendix B: IMPLAN Input-Output Methodology 53<br />

Appendix C: Acknowledgements 55

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