Thursday, July 8, 2010

Newport loses race to host America's Cup

San Francisco is the only US city left. In addition to San Francisco, at least two European cities are under consideration to host the next Cup finals, BMW Oracle representatives said today, without identifying the cities.
This Bad news might be Good news in disguise!
Halsey Herreshoff and Keith Stokes (RIEDC chair) commented on this topic at last nights
terrific 2 hour Bristol Economic Development Conference titled
"Business Owner's Roundtable Discussion".
They both think that the need is to invest and build on the current
momentum and to create a business model at Fort Adams (in Newport)
becoming a world class sailing center with multi-year pre-regatta
qualifying races. Halsey noted that there should now be a shift of focus
- that Fort Adam's should become more than the America's Cup recipient
and to be "the Sailing Capital of America" partnering with
state and private enterprise.

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