Let’s Do It Global has refuted widespread reports that Galway will not bid to be a host city for the Volvo Ocean Race Festival in 2014.
While Harbourmaster Capt Brian Sheridan had stated earlier today that a decision has been made to focus on staging small-scale events over the coming years, a spokesperson for LDIG told the Galway Independent that the decision had simply been “postponed” while the organisation focusses on oustanding debts from this year’s finale.
“At a Let’s Do It Galway Volvo Ocean Race stakeholders meeting, the possibility of Galway entering a bid for the 2014-2015 race was postponed. It was agreed that if at all possible obligations from the 2012 event must be honoured before Galway or Ireland can move forward. For this reason, until efforts to resolve this matter and commitments are honoured, the decision was postponed.”
The spokesperson explained that major cost-cutting measures prior to the event were also reviewed at the meeting, with the financial over-run of five per cent of the overall budget coming as a result of the “outstanding success of the event and adverse weather”.
“Specifically it related to increased security cost, the bridge cost (part of the event license), extra tentage for the conditions, tracking and so forth.”
The organisation added that the “ideal bidding platform” for the 2014 event would be the City and Counrt Councils, Galway Harbour, NUI Galway, tourism interests and Galway Chamber.