|Gangway! Do you know how much this is costing?|
The lead author for the study, however, admitted to SF Weekly that "it's difficult to know" if $364 million represents any more than tourists who swarm San Francisco during the summer months would have generated regardless.
Professor Robert Baade took a gander at the America's Cup financials generated by the Bay Area Council Economic Institute at our request. The internationally renowned scholar on public expenditures for "mega-events" summed up his thoughts concisely: "These numbers seem extraordinarily inflated."
See Also: Purported $364 Million in America's Cup Revenue Still Comes With Big Question Marks