With the NBA lockout almost ready to swallow the regular season, I look at the evidence for what the impact will be on local economies in NBA cities. The answer: not a whole heckuva lot.
After another fruitless round of talks between the players and owners, it looks like the start of the NBA season—if not the whole thing—will soon be wiped out. It’s not only hoops fans who are anxious at the prospect of a lost season. By all accounts, cities with NBA franchises have also been cringing in terror. With the start of the season a month away, we’ve already seen predictions of a “devastating” impact on Charlotte, N.C., businesses, a $55 million loss to the city of Indianapolis, and certain disaster for sports bars in Portland, Ore… [read more]