america's cup

Bradley Campbell / RIPR

Sailing officials from around the globe are in Newport this week getting ready for the next Volvo Ocean Race. The race starts in October of 2014 and makes a stop in Newport in May of 2015. This will be the only North American stop. Discover Newport CEO Evan Smith said the race will deliver exposure that will pay off for years to come.

Bradley Campbell / RIPR

Thursday is an especially sweet day for Sail Newport. It’s not only celebrating the Oracle Team USA win over New Zealand for the America’s Cup, but today is also Sail Newport’s 30th anniversary.

The public sailing center was formed almost immediately after America lost the cup to Australia in the waters off Newport. Sail Newport Executive Director Brad Read couldn’t be more thrilled with the timing of the America’s Cup win.

Ted Hood, the internationally-known yachtsman who skippered the 1974 America’s Cup winner and whose hand-weaved custom sails were used on every Cup winning boat from 1958 to 1977, has died. He was 86.

A native of Beverly, Massachusetts on Boston’s North Shore, Hood started his sail-making company in the back of a tavern in Marblehead, Mass., a sailing mecca. He won an America’s Cup in 1974 as skipper aboard the boat Courageous.

PHOTO: RIPR FILE

The Rhode Island Economic Development Corporation estimated this summer’s America’s Cup sailing event would pump more than $70 million into the state’s economy. But the actual haul was much less.