From today, don't know what it means, but we should have an answer by Friday:
Study: America's Cup would generate $1.1 billion in R.I.
11:31 AM Wed, Dec 29, 2010 | Permalink |
By News staff Email this author | Email this entry
By Paul Edward Parker
Journal Staff Writer
NEWPORT, R.I. -- The head of the state Economic Development Corporation said that Rhode Island will not meet Friday's deadline for an announcement of the host city for the next America's Cup final race.
But EDC Executive Director Keith Stokes said representatives of BMW Oracle, the outfit that is running the races, told him Rhode Island would still be in the running despite missing the deadline.
Stokes said it's possible that BMC Oracle could announce multiple sites, pending successful negotiation of a host city agreement.
Stokes spoke at a press conference to announce the findings of an economic impact study that says hosting the final race would generate $1.1 billion in economic activity.