An Economic and Social Loss

As many basketball fans around the world may already know, the 2017 NBA All-Star festivities are set to begin tomorrow night with the NBA All-Star Celebrity Game followed by the Rising Stars challenge. But while the rest of the basketball world rejoices the Charlotte Hornets can only play the game of what if. In 2016, after specific laws were changed in North Carolina with regard to transgendered individuals and their preference of which bathroom they desired to use, the country and the NBA took a stand by moving the All-Star game from Charlotte to New Orleans. While the social statement Adam Silver made was a positive step in the right direction for our society as a whole, the social and economic loss that Charlotte took as a result of not hosting the All-Star game is catastrophic. In general, when a major sports league decides on which city to host their All-Star game within, whether it be the NBA, NHL or MLB the positive economic profit a city takes can potentially be in the hundreds of millions of dollars. This economic boom goes towards local business, hospitality services and the team itself that hosts the event. Reflecting on statics, “ [the] Super Bowls [held] in New Orleans ($480 million impact), Indianapolis ($278 million impact), and New Jersey ($500 million impact)” (Brown, 2) provided incredible amounts of revenue for its large and small businesses alike. While this is both an economic and social loss for the city of Charlotte and state of North Carolina, it is the NBA’s and Adam Silver’s full intention to revisit the idea of an NBA All-Star game being held in Charlotte potentially in 2019.

Full the Full Article: http://tinyurl.com/hrhkzwk

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