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Hornets, City Of Charlotte Plan To Renovate Arena In Effort To Land NBA All-Star Game
Published August 13, 2014
SPEND MONEY TO MAKE MONEY: In Charlotte, Scott Fowler writes, "If you build a big-time arena, like Charlotte has, you have to bid on things like the 2017 or 2018 NBA All-Star Game." There is "no way" an NBA ASG is worth $42M in upgrades "all by itself." But the arena "hosts more than 150 events a year," so it is "not just about one All-Star Game." Fowler: "Most of that money is going to be paid out anyway under those lease terms. If you are the city, you might as well smile while you are writing the check and get a showcase event out of it, too" (CHARLOTTE OBSERVER, 8/13).