Long term leases cost upwards of $400,000 and the problem is getting worse as ETNZ has taken over the majority of Hobson West Marina. Read more
"The government's analysis is at that number it is justifiable because of the economic benefits to New Zealand."
American Magic is named after America, the first yacht to win the Cup, and Magic, the first yacht to defend it.
While the approved plan means something of a scattered village, it keeps Team New Zealand as the focal point and, crucially, means they get to the defend the Cup on their own waters after months of uncertainty.
Furious MPs and campaigners blasted the trade department for spending money on the sponsorship deal.
The Australian naval architect has measured more America’s Cup yachts than any other person in the history of the Cup.
The two-time America's Cup winner returns to the syndicate for which he helmed in Valencia in 2007.
Italian publication Vento e Vele, reported that the link between Spithill and the Challenger of Record is as good as done.
Burling is in discussion with the team bosses while on the Volvo stop over, including whether defence of his Olympic 49er title is feasible.
Barker will be at the helm of their Congressional Cup and TP52 Super Series campaigns this year.
The America’s Cup victory in Bermuda in 2017 was recognised with both the Sports Team of the Year and the Halberg Supreme Award.
The new $140 million plan is expected to be a pick-and-mix of elements of the two proposals publicly debated since late last year.
As Ben Ainslie and crew continue to sail in preparation for the next America’s Cup, he looks ahead to their plans for the Cup and the new AC36.
Simmer predicted the massive foils on the new design would weigh 1.2 - 1.5 tonnes each.
Instead of delivering a return of $1.20 to $1.80 for every dollar spent, Market Economics instead predicted it would deliver between 0.997c and $1.14.
Auckland Council voted on Thursday to extend and develop three areas around the Wynyard Basin on the central city's waterfront at a cost of about $140 million.