2013 Americas Cup: Economic Impact Estimates

INITIAL FINDINGS
December 10, 2013

TEN DIFFERENT SPENDING SOURCES

1. CITY OF SAN FRANCISCO 2. CITY INFRASTRUCTURE 3. SYNDICATES 4. SPECTATORS 5. ACEA 6. CONCERTS 7. SUPER YACHTS 8. MEDIA

9. SPONSORS
10. VOLUNTEERS

RAW EXPENDITURES
Category ACEA/Syndicates Cruise Terminal Spectators City of San Francisco Concerts Super Yachts Media Sponsors Volunteers Total Total without Cruise Terminal Dollars 141,405,739 115,331,681 63,926,496 46,481,723 11,474,538 6,930,000 5,434,567 2,750,175 668,266 394,403,185 279,071,504

MEASURES OF IMPACT
Category Cruise Terminal ACEA/Syndicates Non-Local Visitors Ports City Concerts Local Visitors Media SuperYachts Total Output (Dollars) 186,334,716 136,783,376 126,721,180 38,115,509 18,939,665 11,854,424 11,708,536 9,278,637 5,999,513 Direct Total Employment Employment Impact 586 570 703 129 56 52 82 45 45 995 1,049 1,116 212 105 95 114 68 58

Sponsors
Volunteers Total Total without Cruise Terminal

4,397,593
626,102 550,759,250 364,424,534

29
4 2,301 1,715

39
6 3,858 2,863

ESTIMATES OF CITY TAX REVENUES

Category Transient Occupancy Tax (Hotel)
Payroll Retail

Dollars 3,697,000
2,010,000 1,130,000

Parking Total Total without Cruise Terminal

1,079,000 7,916,000 7,030,000

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 for the month of September, 2013. Given the hard constraint of the total number of rooms in the City (and the citys 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: Estimated Displacement of SF visitors (to lodging outside SF): $1,514,000

$1,345,000

Alternative estimate of net increase in City revenues: Without Cruise Terminal:

$6,571,000 $5,685,000