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Oh, by the way, America’s Cup won’t come close to early economic projections

Tuesday, March 12, 2013

A soon-to-publish economic report predicts America’s Cup will pump about $780 million into the Bay Area economy and generate about $14 million in revenue for San Francisco. America’s Cup CEO Stephen Barclay tells San Francisco Business Times, “This is a good news story.” Maybe. But it if happens, it’ll be barely half the $1.4 billion that a 2010 study predicted. That’s when backers were expecting dozens of teams to participate. As of now, there are four.

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