9 Mar 2012

Economic benefits expected from Volvo Ocean Race

8:57 am on 9 March 2012

Auckland Council expects an economic boost from sailing's premier round-the-world race, which arrives in port this weekend.

The city has spent $1.5 million securing the right to host the halfway stopover in the Volvo Ocean Race, which last called 10 years ago.

A race village is the biggest attraction yet to be built on Auckland's revitalised waterfront, and it is hoped it will draw hundreds of thousands of local people.

A spopkesperson for the council's events agency ATEED, Rachael Dacy, says the economic benefits include 1000 visitors brought in by the event's main sponsor alone.

The 10-day stopover is also being used to showcase the city's marine industry, and potential foreign investors are being courted.