A new America’s Cup ‘set-up’ in Cork has been proposed which could save the State an estimated €80m in staging costs.
It's in a bid to keep the city’s hopes of hosting the 2024 yacht race afloat.
It includes the use of publicly-owned land at Tivoli docks for the event’s technical and team base instead of a privately-owned dockyard site in Rushbrooke near Cobh.
The Irish Examiner reports this would have required significant State investment, estimated at about €77m.
An alternative race set-up in Cork Harbour is now being proposed.
