Holding the America’s Cup for sailing in Barcelona in 2024 will cost 70 million euros, of which ten will come from the coffers of the Barcelona City Council. The Generalitat has not yet specified what its contribution will be, and the rest will come from private collaborators. This was explained by the authorities this Wednesday at the presentation of the competition at the Port of Barcelona.
The 70 million euros include a fee to be paid to the organization and the adaptation works of the Port, but in return the event is expected to leave a return to the city of 1,000 million euros, according to public administrations. For now, the only administration that has revealed how much it will contribute to the event has been the Barcelona City Council, which through the mouth of the mayor, Ada Colau, has specified that it will be ten million, comparable to what the consistory does to host the Mobile in the Fira .
The City Council and the Generalitat have not specified for now how the expense will be distributed between the public and private sectors, nor to what specific concepts the investment will be allocated beyond the fact that a part will go to the canon that the organizers of the competition ask the city that houses it. The Government has not revealed its contribution and ensures that it will give details in a presentation in the coming days. The first deputy mayor, Jaume Collboni, has indicated that the private sector will provide guarantees worth around 25 million.
In his speech, the president of the Generalitat, Pere Aragonès, said that he hopes that the Sailing America Cup that Barcelona will organize in 2024 will be “the best edition in history, just like the Barcelona ’92 Olympic Games”. “It is a day of celebration for Barcelona. It is a sporting event, the third most followed in world sport, which will generate an economic and sporting legacy for the city”, Aragonés maintained at a ceremony held at the World Trade Center in the Catalan capital.
Along with the president of the Generalitat, the mayor of Barcelona, Ada Colau; the president of the Port of Barcelona, Damià Calvet; the president of Global Barcelona, Aurora Catà; and the CEO of Emirates Tem New Zealand, Grant Dalton.
The mayor has celebrated the event and has remarked that Barcelona is “the best possible city to cover the best edition of the Copa del América de Vela”. For his part, the president of the Port, Damià Calvet, explained that large new infrastructures will not be built, although up to six concrete structures will be located in the sea to house the operating bases of the participating teams.