New teams continue to sign up new sailors and sponsors for Russell Coutts’ Flying Circus as the Bermuda plans start to take shape, but it didn’t take long for a supermajority of Bermudians to see what the rest of the world already figured out: The tens of millions of dollars flowing out of Bermuda’s coffers and into those of the fifth-richest man in the world ain’t gonna benefit most of Bermuda in the least.
With a major part of Bermuda’s recovery plans being pegged to the hosting of the America’s Cup, the vast majority of voters felt that the economic benefits would accrue to only a select few rather than to the country as a whole.
Nearly 7 in 10 voters (68.8%) felt that economic benefits would go to a select few, while 3 in 10 (28.3%) felt that the event would benefit all of Bermuda. Less than 1 in 20 (2.9%) were unsure.
By race, more than 8 in 10 Blacks (84.8%) felt that the economic benefits would go to a select few, compared to 4 in 10 Whites and Others (36.9%) of who felt that way. Whites and Others were more inclined to believe that the event would benefit all Bermudians (58.4% compared to 12.9% for Blacks).
By gender, females were more likely than males to believe that benefits were for the select few (72.7% versus 62.2% respectively). On the other hand, one-third of males felt that all Bermudians would benefit from hosting the races (35.6% versus 23.6% for females.)
Read the full survey at Today in Bermuda.