America's Cup - why Aucklanders are at the edge of their seats

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11125132

This is an interesting article about the impact the the NZ boat building industry has on the NZ economy and speaks of a planned uplift in contribution from NZD 850 million to NZD 1.3 billion. Winning the America's cup means New Zealand can choose the next venue which is expected to be Auckland which will put Auckland in the sights of those who are passionate about this sport professionally or for pleasure. Along with that interest comes the big spenders; people who have money to burn on a passion and who are not affected by the economic climate.

New Zealanders therefore wait with bated breath at the outcome of an exciting series and many will reminisce about the last time Auckland hosted the event and the sense of excitement and buzz that permeated the city and, indeed, the nation.

New Zealand is a small country but prides itself on its rankings in this event as it does in the rowing events. Perhaps it is because it is surrounded by water that psychologically it feels it is important to perform on this stage.

What I find hugely exciting for the nation is the immense opportunities the ship building industry presents to those skilled in the aligned trades that are here now, and those who are looking to make New Zealand a migrant destination. These are big numbers for any country, let alone a smaller economy such as New Zealand's and bodes well for the nation.