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| Thread ID: 137272 | 2014-06-15 21:13:00 | Boat Races | pctek (84) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1377215 | 2014-06-21 21:25:00 | As for the Government doing well out of the last Cup, they put in $36M and got back $38M so they only made a paltry $2M which hardly justified the risk. Had we won, as we should have, it would have been a whole different story. Not convinced it would have been - yes, we'd have been in a position to set the rules and location, certainly helping Team NZ. But if they chose to hold it in Auckland, we'd be paying for big redevelopments, and no doubt the Govt. would be paying a decent chunk of that, along with Auckland ratepayers. I can't see the government really making money from backing a sports team, regardless of whether they win or lose. Just my :2cents:, but I'd be happier with the Govt. keeping right out of the Americas Cup. edit - Just while I think of it - maybe they made an accounting profit, but a) No idea if they really did or not - hard to measure, and you don't know how much of an economic boost there'd have been without Govt. funding. b) If you take into account the opportunity cost, I doubt that was the best use of their money. |
Nick G (16709) | ||
| 1377216 | 2014-06-21 21:55:00 | If everything put out by the Americas Cup supporters was spread out on farmland the grass would be as high as an elephants eye. If we add what is to come from the political parties over the next few weeks the grass would be as high as an eagle's eye. What a green and fertile land this would be. Unfortunately, we will be asked to swallow it all, what a waste. :( |
R2x1 (4628) | ||
| 1377217 | 2014-06-21 21:57:00 | The country probably made more money from the winners camp since they used a lot of NZ expertise than they made from Team NZ | gary67 (56) | ||
| 1377218 | 2014-06-21 22:26:00 | Not convinced it would have been - yes, we'd have been in a position to set the rules and location, certainly helping Team NZ. But if they chose to hold it in Auckland, we'd be paying for big redevelopments, and no doubt the Govt. would be paying a decent chunk of that, along with Auckland ratepayers. I can't see the government really making money from backing a sports team, regardless of whether they win or lose. Just my :2cents:, but I'd be happier with the Govt. keeping right out of the Americas Cup. edit - Just while I think of it - maybe they made an accounting profit, but a) No idea if they really did or not - hard to measure, and you don't know how much of an economic boost there'd have been without Govt. funding. b) If you take into account the opportunity cost, I doubt that was the best use of their money. My reasoning is based on the fact that the 2000 and 2003 cups held in Auckland were worth $1.2 Billion to the economy so you can see the cost of losing, especially when you shouldn’t have, is huge. Even so, I don’t believe Governments should get involved with professional sport. Next thing Big Time Wrestling will be looking for a hand-out. ;) 5793 Source HERE (www.newzealand.com) |
B.M. (505) | ||
| 1377219 | 2014-06-21 23:30:00 | "There's lies, dammed lies; then there's statistics. Economics is far, far, ahead of mere statistics. Economic Statistics are the role models of Fantasy Land. ;) |
R2x1 (4628) | ||
| 1377220 | 2014-06-22 22:32:00 | My reasoning is based on the fact that the 2000 and 2003 cups held in Auckland were worth $1.2 Billion to the economy And yet other cities admit loosing $$ when hosting Americas Cup. Facts need real proof. A biased gestimate is not a fact Theres a long established trick of pulling numbers out of thin air, without REAL PROOF to back it it up. Even the 'experts' can BS these numbers & often do. Lets see a list of how they measured that, where that money came from & went to, & associated ACTUAL $ amounts Here, let me pull a number out of the air . $2Million. See how easy it is . :rolleyes: So did we have 1/2 Million tourist coming in to watch this : no Did we have $1B more in local wages : no Stirring money around from 1 NZ sector to another is not a NET gain for the economy, the only thing that matters is extra $$ coming in from overseas So $1.2B coming in from overseas.......who really believes that ? |
1101 (13337) | ||
| 1377221 | 2014-06-22 23:29:00 | In the US , they are questioning some of the numbers that were seemingly pulled out of thin air. www.sfexaminer.com "But minus actual numbers, no one knows if San Francisco benefited from the race or if it will get back what it spent. What's more, the rosy analysis used by many to forecast the race's economic impact is in question." "That economic impact report is not actually credible," Lets be honest, govt funding for major sports its more of a feel good, placate the masses sort of thing . Economic benefit isnt why it would be funded . If we dont fund this, then be honest about it all & stop all govt & council funding sports & sports arena's. Put the $$ into school sports instead. |
1101 (13337) | ||
| 1377222 | 2014-06-23 00:06:00 | Not convinced it would have been - yes, we'd have been in a position to set the rules and location, certainly helping Team NZ. But if they chose to hold it in Auckland, we'd be paying for big redevelopments, and no doubt the Govt. would be paying a decent chunk of that, along with Auckland ratepayers. I can't see the government really making money from backing a sports team, regardless of whether they win or lose. Just my :2cents:, but I'd be happier with the Govt. keeping right out of the Americas Cup. edit - Just while I think of it - maybe they made an accounting profit, but a) No idea if they really did or not - hard to measure, and you don't know how much of an economic boost there'd have been without Govt. funding. b) If you take into account the opportunity cost, I doubt that was the best use of their money. We certainly would be paying for fairly large scale redevelopments, although this tends to happen with any major sporting event hosted in the city, and usually it is a good thing. The whole reason that Auckland has an amazing Viaduct harbour is because the area underwent a major and much needed redevelopment after we won the America's Cup in 1995. Prior to that the Viaduct Harbour area was just a major **** hole of an eye sore at the bottom of town that was not fit for any sort of public activity. What sort of economic boost did the country get from the previous cups? There is a list of them here (www.newzealand.com) That also includes benefits to boat builders and all the associated trades - cabinet makers, out fitters, re fitters, boat designers, sail makers, electricians, plumbers, caterers etc around the country as well as benefits to tourism, hotels, taxi drivers etc How did all that compare to hosting the last Rugby World Cup - well from what I saw around Auckland the difference was quite substantial. The Viaduct area was a constant hub of activity during and after racing where as Auckland CBD was almost dead outside of match time and when matches were being played anywhere in the country it was only the pubs and Heinekin that got any sort of benefit ( Heinekin being the official beer sponsor) I did have some behind the scenes involvement prior to the start of the RWC and as a result was expecting a much bigger spin off from the Rugby World Cup which never actually eventuated. I was very impressed by the economic spin offs during and after the previous America's Cups. Both events required considerable investment beforehand. Would it be worth hosting both events again? Yes. How would small town NZ benefit from either event? Do or create something or some service that would encourage people to go and visit and spend money in your area. |
Webdevguy (17166) | ||
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