Saturday, April 1, 2023

Charlotte Loses NBA All Star Game and an Estimated $100 Million

Due to the controversial anti transgender bathroom law known as HB 2, the National Basketball Association announced that they would not be playing the 2017 All Star Game in Charlotte.

Today, the Charlotte convention and visitor’s bureau came out with estimates as the economic impact the NBA pull out will have on the city.  It is estimated that tourists would have spent as much as $60 million and rent hotel rooms for a total of 27,000 nights during the NBA All-Star weekend.  It is also estimated that the All Star weekend would have spurred $40 million in spending by Charlotte area businesses and by staff of local hotels and restaurants.

In addition to the NBA pull out, a number of performers, including Bruce Springsteen,Maroon 5 and Pearl Jam, have canceled concerts in North Carolina as a result of the legislation.

SourceCNN Money

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