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America's Cup World Series a Boon to RI Real Estate?

Posted by Leslie Mathieu Hogan on Saturday, October 22nd, 2011 at 2:36pm.

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 nimble enough to handle the tight, tactical race courses planned by America’s Cup Race Management.  These vessels are riveting to watch as they zip past other boats and turn on a dime. Race courses will be short and tight, keeping the boats close to the fans on shore. The final race for the overall title will be on Sunday, July 1 and the winner will be crowned here.

Already a favorite destination for the sailing crowd, Newport, RI stands to gain some new fans among the spectators this race is designed to attract.  With our amazing coastal scenery, awe-inspiring architecture, opulent mansions and bustling waterfront who could resist thinking about owning a home here? And that's one more reason we are celebrating the return of the America's Cup to Newport!

Play the video to see the AC45 catamarans in action.

Leslie Hogan, Broker / Owner, Hogan Associates, 129 Bellevue Ave., Newport, RI  02840 401-845-9513, f. 401-633-6447

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