The (Bermuda) Government has spent just over $14 million on the America's Cup as of December 2015, the House of Assembly heard on Friday, with the figures being provided by Minister of Economic Development Dr Grant Gibbons following Parliamentary Questions from MP Wayne Furbert.
According to the Potential Economic Impact [PEI] assessment previously released by the ACBDA, the direct spending on-island for the America's Cup is estimated to be "in the region of approximately $250 million."
In 2009, the Irish Government spent €10m on a stop over and the Green Dragon entry in the Volvo Ocean Race.