Oh, no no no no no. The original estimate of the “economic benefits” (whatever the Hell that amorphous amorphism means) of the 34th America’s Cup was $9.9 B-as-in-boy billion.
“America’s Cup organizers are falling short in their efforts to raise private donations to help pay for the cost of bringing the America’s Cup sailing competition to San Francisco — and that could leave the city on the hook for about $20 million. The Board of Supervisors holds hearings Wednesday to discuss the shortfall. Supporters say even without all of the promised private funds, the city still benefits financially from hosting the America’s Cup.
Host: Michael Krasny
Guests:
Jane Sullivan, city spokesperson for the America’s Cup
John Avalos, San Francisco supervisor representing District 11″
I understand that Mayor Ed Lee has a cheerleading function as a part of his job. Fine.
But what’s this? What the Hell?
“We expect to have some 500,000 people on a daily basis…”
Just take a look on the YouTube, at around 9:30 and, mind you, this is AFTER everything blew up and people started realizing that the 2013 America’s Cup won’t be anywhere near as popular as advertised:
So, does Ed Lee actually believe that there’s a chance that the America’s Cup will attract anything close to a half million people “on a daily basis?”
No he does not.
So why does he say it?
Mmmm…
Now, speaking of cheerleading, @olivaglobal is the dude who was hired by the San Francisco Chronicle to promote the America’s Cup over the next 1.5 years. Here he goes:
“The America’s Cup is the world’s third-largest sporting competition, after the Olympics and soccer’s World Cup.”
Here it is in the flesh:
So, let’s think about this here. I guess the bullshit Bay Area Council Economic Institute (BACEI) organization is allowing that the Summer Olympics and the World Cup just might possibly be bigger than an America’s Cup. But what about the Winter Olympics? Oh, and what about the Super Bowl?
Who actually believes that the America’s Cup, that thing where half the staff just got laid off and NBC needs to be paid in order to broadcast, is actually going to be bigger than a Super Bowl?
Nobody.
Not even the cheerleaders.
So why do they say these kinds of things?
All right here’s one more from the messed-up study what’s going to cost the taxpayers of San Francisco tens of millions of dollars. It discusses, and I’m srlsy, the “fleet of super yachts” what are going to be attracted to the bay area due to the America’s Cup, and then it talks about how much money we’re going to make by gassing them up and Windexing the shiny parts and stuff like that.
I’m srsly.
These cheerleaders are members of a modern day Cargo Cult and we’re all along for the ride.
And oh, we’re going to get the Golden State Warriors without funding the stadium at Piers 30-32? All right, so why then are we funding Larry Ellison’s ego trip of a boat race? Why are we allowing Him to get away with this?
I know not.
Screw the America’s Cup.
“The world’s most popular sport may be soccer, but in cold, hard dollars, nobody throws a party like the National Football League.
I understand that Mayor Ed Lee has a cheerleading function as a part of his job. Fine.
But what’s this? What the Hell?
“We expect to have some 500,000 people on a daily basis…”
Take a look on the YouTube, at around 9:30 and, mind you, this is AFTER everything blew up and people started realizing that the 2013 America’s Cup won’t be anywhere near as popular as advertised:
So, does Ed Lee actually believe that there’s a chance that the America’s Cup will attract anything close to a half million people “on a daily basis?”
No he does not.
So why does he say it?
Mmmm…
Now, speaking of cheerleading, @olivaglobal is the dude who was hired by the San Francisco Chronicle to promote the America’s Cup over the next 1.5 years. Here he goes:
“The America’s Cup is the world’s third-largest sporting competition, after the Olympics and soccer’s World Cup.”
Here it is in the flesh:
So, let’s think about this here. I guess the bullshit Bay Area Council Economic Institute (BACEI) organization is allowing that the Summer Olympics and the World Cup just might possibly be bigger than an America’s Cup. But what about the Winter Olympics? Oh, and what about the Super Bowl?
Who actually believes that the America’s Cup, that thing where half the staff just got laid off and NBC needs to be paid in order to broadcast, is actually going to be bigger than a Super Bowl?
Nobody.
Not even the cheerleaders.
So why do they say these kinds of things?
All right here’s one more from the messed-up study what’s going to cost the taxpayers of San Francisco tens of millions of dollars. It discusses, and I’m srlsy, the “fleet of super yachts” what are going to be attracted to the bay area due to the America’s Cup, and then it talks about how much money we’re going to make by gassing them up and Windexing the shiny parts and stuff like that.
I’m srsly.
These cheerleaders are members of a modern day Cargo Cult and we’re all along for the ride.
And oh, we’re going to get the Golden State Warriors without funding the stadium at Piers 30-32? All right, so why then are we funding Larry Ellison’s ego trip of a boat race? Why are we allowing Him to get away with this?
I know not.
Screw the America’s Cup.
“The world’s most popular sport may be soccer, but in cold, hard dollars, nobody throws a party like the National Football League.
All that fuss about the America’s Cup started with a grossly-distorted report from the Bay Area Council Economic Institute. Here’s the start of it:
“Executive Summary: The America’s Cup is the world’s third-largest sporting competition, after the Olympics and soccer’s World Cup.”
UH, WHO MADE THIS UP? WHO BELIEVES THIS? FIRST OF ALL, “THE OLYMPICS” IS ACTUALLY THE SUMMER OLYMPICS AND THE WINTER OLYMPICS, SO THE AMERICA’S CUP WOULD HAVE TO BE NUMBER FOUR AT BEST. SECOND OF ALL, NOBODY REALLY CARES ABOUT THE AMERICA’S CUP.* SO, THE “INDEPENDENT STUDY” FROM THE CHAMBER OF COMMERCE OF WHATEVER THE HELL CHEERLEADING ORGANIZATION STARTS OFF WITH A LIE. PAR FOR THE COURSE.
Securing hosting rights to the Cup is therefore a prestigious and economically significant prize for any community.
NO, SEE, NO, YOU CAN’T DO THAT, YOU CAN’T START BUILDING YOUR CASE WITHOUT A FOUNDATION, CAN YOU? I SUPPOSE THAT IF ENOUGH PEOPLE BELIEVE THAT THE AMERICA’S CUP IS “PRESTIGIOUS” THEN IT WILL SOMEDAY BECOME SO, BUT WE’RE NOT AT THAT POINT YET. AC IS NO “PRIZE.”
The economic benefits of bringing the America’s Cup to San Francisco would come primarily through expenditures by racing syndicates, and through spending on hotels, restaurants, and retail and other services by both domestic and overseas visitors and Bay Area residents.
ALL RIGHT, THOSE TWO THINGS. BUT WHERE WILL THE DEFICITS COME FROM? WOULD YOU CARE TO DETAIL THOSE?
If the competition were to run for three months, this could lead to an additional 2.6 million spectators.
AND IF YOU START FLAPPING YOUR ARMS HARD ENOUGH, THIS COULD LEAD TO SUSTAINED FLIGHT.
While these impacts would be primarily concentrated in San Francisco, nearby counties such as Alameda, Marin, Napa, Sonoma, and San Mateo would also benefit from increased visitor and maritime activity. This report endeavours to provide estimates of the economic impact of an America’s Cup match on the San Francisco Bay. Other economists have paved the way by providing estimates of the economic impacts of previous America’s Cups, including an analysis of the economic impacts of the 32nd America’s Cup of 2007 in Valencia, Spain. Starting with that study as a rough guide, this analysis makes a number of assumptions: that infrastructure cost and spending will be several billion dollars less; that spectator attendance will be considerably larger; that the media’s presence will be larger; and that the presence of super yachts will likely be smaller.
UH, BUT NOBODY REALLY CARES ABOUT THE AMERICA’S CUP THOUGH, RIGHT? THIS THING IS A CRUSHING DISAPPOINTMENT ALREADY, RIGHT? WEREN’T THERE SUPPOSED TO BE 18 TEAMS? AND THEN THE ORGANIZERS LOWERED THE ENTRY FEE TO A TOKEN AMOUNT BUT THERE’S STILL VERY LITTLE INTEREST?
From this, we estimate that the increase in overall economic activity in San Francisco due to hosting an America’s Cup could be on the order of $1.37 billion.
AND IF YOU START FLAPPING YOUR ARMS HARD ENOUGH, THIS COULD LEAD TO SUSTAINED FLIGHT.
This is three times the estimated impact of hosting the Super Bowl ($300-$500 million).
NOW HOLD ON, PEOPLE ACTUALLY _LIKE_ THE SUPER BOWL, ARE WE CONFLATING THE TWO EVENTS HERE? AND ACTUALLY, NBC _PAYS_ THE NFL FOR THE RIGHTS TO AIR THE SUPERBOWL (SOME YEARS, ANYWAY) BUT THE AMERICA’S CUP PEOPLE ARE _PAYING NBC_ TO AIR THE AMERICA’S CUP, RIGHT? SO ISN’T THE AMERICA’S CUP KIND OF THE OPPOSITE OF THE SUPER BOWL?
The potential increase in employment surrounding the event could be on the order of 8,840 jobs.
AND NEXT MONTH, I’LL INCREASE THE NET WORTH OF ALL MY READERS, ALL 14 OF THEM, BY $8,840, YOU KNOW, I’LL JUST GIVE THEM ALL MONEY, POTENTIALLY.
This increase in output and employment would likely yield a benefit to state and local government coffers of nearly $85 million.
NOOOPE!
Additional taxes alone to the City’s General Fund are expected to net more than $13 million, based on more than $24 million in revenue, and an estimated $11 million in tourism related costs.
NICE USE OF PASSIVE VOICE THERE. EXPECTED BY WHOM?
Looking beyond the Bay Area, California’s economy would see increased economic activity of $1.43 billion. The U.S. economy as a whole would see increased economic activity of $1.85 billion.
AND WHAT ABOUT THE WORLD AS A WHOLE? IT’S A WIN-WIN, RIGHT? EVERYBODY WINS! HURRAY?
This increase would support the creation of 11,978 jobs.
UH, I THINK YOU MEAN GIGS, YOU KNOW, TEMPORARY EMPLOYMENT?
The figures produced here are likely to be compared to previous estimates indicating that hosting the Cup on the Bay would result in economic benefits to the region on the order of $9.9 billion.
UH, DO YOU HAVE A CITE FOR THIS PIE IN THE SKY? DOES SOMEBODY OUT THERE THINK THAT HOSTING LARRY’S LITTLE BOAT RACE IS AS GOOD AS BILL GATES GIVING US $10 BILLION? REALLY?
We have consciously made an effort to be conservative in our analysis and to evaluate economic impacts for which there is a factual basis and which would be unique to the venue of the San Francisco Bay, and by focusing on readily quantifiable benefits as opposed to those that are more speculative.
WOW, CONSCIOUSLY? LET’S HOPE YOU DIDN’T STRAIN YOURSELVES.
WHOEVER WROTE THIS REPORT IS DELUSIONAL.
SIMPLY.
*NOW, WHAT ABOUT EVENTS BIGGER THAN THE POORLY-NAMED AMERICA’S CUP? HEY HOW ABOUT SOMETHING CALLED UEFA? I THINK THAT’S GOING ON RIGHT NOW IN EUROPE. PUT THAT ON YOUR LIST OF SPORTS BIGGER THAN LIL LARRY’S BACKYARD BOAT RACE.
“The world’s most popular sport may be soccer, but in cold, hard dollars, nobody throws a party like the National Football League.
Oh, what’s that, you want to know who’s playing this year? Well, let’s look to the past:
2010 — Nevada 20, Boston College 13 2009 — USC 24, Boston College 13 2008 — California 24, Miami 17 2007 — Oregon State 21, Maryland 14 2006 — Florida State 44, UCLA 27 2005 — Utah 38, Georgia Tech 10 2004 — Navy 34, New Mexico 19 2003 — Boston College 35, Colorado State 21 2002 — Virginia Tech 20, Air Force 13
As you can see, sort of, there’s gotta be a Pac-12 team on the field – that’s current rule.
“Kraft Fight Hunger Bowl December 31, 2011 San Francisco, CA, 3:30 pm ESPN Payout: $1.675 million Pac-12 No. 6 vs. Army (WAC if Army not available)”
But it looks like their prediction has recently changed, based on this:
“Scout’s 2011 bowl prediction for the Illini has them heading out San Francisco to participate in the Kraft Fight Hunger Bowl. There, Scout predicts, the Illini would take on the UCLA Bruins, who would be 6-7 on the season and also likely minus its coach as well. Two teams with a combined record of 12-13 and without head coaches doesn’t exactly sound like the most appetizing match up, but such is one of the downsides of the current bowl system.”
So, as recently as yesterday, some people were thinking it could be this squad…
Click to expand
…versus this one, the crew from Illinois. (You know, they’re looking for men, as always.)
Oh, what’s that, you want to know who’s playing this year? Well, let’s look to the past:
2010 — Nevada 20, Boston College 13 2009 — USC 24, Boston College 13 2008 — California 24, Miami 17 2007 — Oregon State 21, Maryland 14 2006 — Florida State 44, UCLA 27 2005 — Utah 38, Georgia Tech 10 2004 — Navy 34, New Mexico 19 2003 — Boston College 35, Colorado State 21 2002 — Virginia Tech 20, Air Force 13
As you can see, sort of, there’s gotta be a Pac-12 team on the field – that’s current rule.
“Kraft Fight Hunger Bowl December 31, 2011 San Francisco, CA, 3:30 pm ESPN Payout: $1.675 million Pac-12 No. 6 vs. Army (WAC if Army not available)”
But it looks like their prediction has recently changed, based on this:
“Scout’s 2011 bowl prediction for the Illini has them heading out San Francisco to participate in the Kraft Fight Hunger Bowl. There, Scout predicts, the Illini would take on the UCLA Bruins, who would be 6-7 on the season and also likely minus its coach as well. Two teams with a combined record of 12-13 and without head coaches doesn’t exactly sound like the most appetizing match up, but such is one of the downsides of the current bowl system.”
So, as recently as yesterday, some people were thinking it could be this squad…
Click to expand
…versus this one, the crew from Illinois. (You know, they’re looking for men, as always.)
