Government not yet in position to make announcement on America’s Cup – Coveney

Irish Times | Sep 14, 2021 at 9:14 PM
  • Minister for Foreign Affairs Simon Coveney has said the Government is not “just yet” in a position to make an announcement on the prospect of Cork hosting the 2024 America’s Cup.
  • A report for the Government by consultants EY projects €150 million in costs and potential economic benefits of €400 million-€500 million, but there is scepticism among the Coalition about the prospect of such gains being realised.
  • At the Sinn Féin think-in on Tuesday, Sinn Féin leader Mary Lou McDonald was asked if she was in favour of the race being brought to Cork given the estimate of the bill to the State of €150 million.