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public policy

Host committee for Newport America’s Cup established

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PROVIDENCE – A committee to take charge of the many arrangements needed for the America’s Cup World Series regatta slated for Newport next year was formally established Thursday when Gov. Lincoln D. Chafee signed an executive order creating the panel, to be chaired by Brad Read, executive director of Sail Newport.

“The America’s Cup World Series races have great potential to bring job creation and revenue to Rhode Island,” Chafee said. “Newport has long, strong ties to the America’s Cup and these races renew that historic connection. The host committee established today, led by renowned sailor Brad Read, will help to coordinate important preparation efforts to ensure that this exciting event is thoroughly successful.”

Joining the governor at the Statehouse signing ceremony were Read, Russell Coutts, CEO of Oracle Racing, current America’s Cup champion that will defend the title in finals set for San Francisco in 2013, and Richard Worth, chairman and CEO of the America’s Cup Event Authority.

The America’s Cup World Series Host Committee will serve as the state’s principal entity for coordinating the races and affiliated events. The local committee will coordinate marketing, business outreach, public support, event logistics, traffic, public safety and public infrastructure preparations.

The panel will consist of at least 23 members, yet to be named, including representatives of: Aquidneck Island towns; the Newport County Chamber of Commerce; the convention and visitors bureaus based in Providence and in Newport; various state departments; the commercial shipping industry; and the marine industry.

The races, featuring high-tech AC45 wing-sailed catamarans, are scheduled for June 23-July 1 in Newport Harbor and will comprise the final event of the first World Series circuit, established to ocean racing during America’s Cup off years.

The local committee will coordinate marketing, business outreach, public support, event logistics, traffic, public safety and public infrastructure preparations. State officials have estimated the event will generate $72 million in new spending and create 400 jobs.

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