$100m put to host­ing cup

The Southland Times - - National News / Budget 2018 -

The Gov­ern­ment will put $100 mil­lion to­wards a ‘‘sup­port pack­age’’ for New Zealand’s host­ing of the Amer­ica’s Cup in 2021, it was an­nounced dur­ing yes­ter­day’s Bud­get.

Team New Zealand won the right to host sail­ing’s blue riband event by beat­ing Or­a­cle Team USA in Ber­muda last year.

Af­ter lengthy ne­go­ti­a­tions, Auck­land was even­tu­ally con­firmed as the host city in March af­ter an agree­ment over the struc­ture of the base vil­lage was reached by Team NZ, Auck­land Coun­cil and the Gov­ern­ment.

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