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2013 America’s Cup: Economic Impact

Estimates

December 10, 2013

INITIAL FINDINGS

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TEN DIFFERENT SPENDING SOURCES

1. CITY OF SAN FRANCISCO

2. CITY INFRASTRUCTURE

3. SYNDICATES

4. SPECTATORS5. ACEA

6. CONCERTS

7. SUPER YACHTS

8. MEDIA9. SPONSORS

10. VOLUNTEERS

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RAW EXPENDITURES

Category Dollars

 ACEA/Syndicates 141,405,739

Cruise Terminal 115,331,681Spectators 63,926,496

City of San Francisco 46,481,723

Concerts 11,474,538

Super Yachts 6,930,000

Media 5,434,567

Sponsors 2,750,175

Volunteers 668,266

Total 394,403,185

Total without Cruise Terminal 279,071,504

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MEASURES OF IMPACT

CategoryTotal Output(Dollars)

DirectEmploymentImpact

TotalEmployment

Cruise Terminal 186,334,716 586 995

 ACEA/Syndicates 136,783,376 570 1,049

Non-Local Visitors 126,721,180 703 1,116Ports 38,115,509 129 212

City 18,939,665 56 105

Concerts 11,854,424 52 95

Local Visitors 11,708,536 82 114

Media 9,278,637 45 68SuperYachts 5,999,513 45 58

Sponsors 4,397,593 29 39

Volunteers 626,102 4 6

Total 550,759,250 2,301 3,858

Total without Cruise Terminal 364,424,534 1,715 2,863

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ESTIMATES OF CITY TAX REVENUES

Category Dollars

Transient Occupancy Tax (Hotel) 3,697,000Payroll 2,010,000

Retail 1,130,000

Parking 1,079,000

Total  7,916,000 

Total without Cruise Terminal 7,030,000

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TRANSIENT OCCUPANCY TAX

Total Estimated TOT : $3,697,000

From Spectators: $2,859,000

From ACEA/Syndicates/Media et al.: $ 838,000

The spectator figure is based on a model estimating spectator attendance forthe month of September, 2013. Given the hard constraint of the total number ofrooms in the City (and the city’s typically high occupancy rates), these revenues

suggest occupancy by AC spectators that exceeds available rooms. Therefore,there was an offsetting decline in occupancy by other tourists.

Estimated Maximum TOT from Spectators: $1,514,000

Estimated Displacement of SF visitors(to lodging outside SF): $1,345,000

Alternative estimate of net increase in City revenues: $6,571,000

Without Cruise Terminal: $5,685,000