America's Cup World Series a Boon to RI Real Estate?Posted by Leslie Hogan on
Newport, RI will be the final stop of the 2011-2012 America's Cup World Series from June 23 - July 1, 2012. Developed to expose millions of people to competitive high-performance racing, the new America's Cup professional circuit will conclude here in Newport bringing with it extensive international publicity, a welcome boost to the local economy and wonderful exposure for sellers of area real estate.
Unlike previous America's Cup races held off shore, current plans call for the Newport races to stay inside the Harbor with the start/finish line just off the shoreline. Spectator viewing areas will provide front row seats as world-class sailors compete in 9 state-of-the-art AC45 wing-sailed catamarans. The AC45 can achieve speeds over 35 mph, but is…
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