Speaking of the America’s Cup, I dug around on the internet a bit and found a couple mentions of the previous venue, Valencia..

Expect crowds of thousands, just like in 2007!
http://www.scoop.co.nz/stories/CU0704/S00141.htm

Hola Valencia (Spain) described the America’s Cup in their article The America’s Cup Absolutely Freaking Kills Me.

Allow me to assist you in imagining the scene: under the austere auspices of the Veles e Vents building, a sparse crowd had gathered! With no way to see the actual race, people had congregated around a large screen! Heavily tanned gentlemen in polo sweaters were everywhere! Alinghi clowns danced among children and possibly delighted one of them! A palpable sense of boredom permeated the air!

Well, maybe THIS will change my mind:

Nope. Spend your own money, Larry Ellison, not the city’s money.