An alternative proposal for the staging of the next America’s Cup in Cork could save the State some €80 million.
The Irish Examiner reports on the pitch to Cork’s civil servants which proposes a publicly owned site at Tivoli Docks as a base for the event rather than the private dockyard near Cobh suggested in the original bid.
In addition, the race village is envisaged at Kennedy Quay in the city centre, most of which is also under public ownership.
A drawback to this proposal is the longer tow-out for race teams to the open water outside Cork Harbour, as outlined in the briefing document.
But the estimated €80 million savings in staging costs might present a strong case to coalition leaders who in September requested more time to consider the cost-benefit analysis of hosting the Auld Mug in Cork in 2024.
Ireland remains in the running to host the event, with the announcement of the match venue pushed back until the end of March next year.
