NBA Kings Begin Arena Construction Cavs Owner Gilbert Unfazed By Luxury Tax NBPA Announces Senior Management Team Second Vegas Arena Eyes NBA Team Hornets Make Debut After Rebrand Churchill Downs Adding VIP Area For Owners Blazers' Dynamic Pricing Highly Variable EverBank Field Adds On New Seats For UF-UGA NBA Marketing Notes Cowboys, Omni To Build Hotel At Team's New HQ
Upcoming Conferences and Events
SBD/August 13, 2014/Facilities
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).