ipl-logo

Charlotte Hornets And TWCA Economic Impact

488 Words2 Pages

University of South Carolina, Assistant Professors Tom Regan, EdD and Todd Koesters JD conducted a market assessment of the Charlotte Hornets, NBA basketball team and the Time Warner Cable Arena(TWCA), two major entities of the tourism, business, sports and entertainment community located within the State of North Carolina. The presence of the National Basketball Association (NBA) team, the Charlotte Hornets, affords Mecklenburg County and the city of Charlotte the opportunity to be a basketball city. Primarily the economic benefits of the Charlotte Hornets and TWCA operations in Mecklenburg County and Charlotte Metropolitan Statistical Area (MSA) were measured through the examination of financial statements and expenditures surrounding the various events that take place at the team facilities and the arena. Regan and Koesters collected secondary data …show more content…

The operation of the Charlotte Hornets team and facilities and the TWCA is a positive impact for the Charlotte and Mecklenburg County areas due to the employment opportunities that are aligned with the arena and facilities. In addition the fans that travel from outside the local boost the economy when they stay in local hotels, eat at local establishments and bring their financial contribution to the community while attending sporting or entertainment events. The economic impact is not just limited to Charlotte, the state of North Carolina benefits greatly from the operation of the Charlotte Hornets and the Time Warner Cable Center. During a time where many people are experiencing unemployment and financial difficulties, having facilities and arenas that generate revenue that opens up various employment opportunities ranging from business class positions to the food industry and other service industry

Show More
Related
210 Words | 1 Pages

Even though the Moreno Valley World Logistics Center can bring harmful elements to the city, it will positively affect the community by generating jobs, tax revenue, and city growth. The Moreno Valley World Logistics center is such a great opportunity for all of Moreno Valley’s citizens. With facilities on this expansion of land, there is an estimated 20,000 jobs available within the center. The jobs range from pretty basic and minimum paying jobs like packing boxes to a robotics programmer. So yes, although there are some low level jobs about there are also jobs that require a good amount of intellectual knowledge that will pay fair.

Read More
1479 Words | 6 Pages

Works Cited Eitzen, D. S. "Slaves of Big-Time College Sports." USA Today (Farmingdale), Sep, 2000, pp. 26-30. SIRS Issues Researcher, Accessed 4 May 2018. D. Stanley Eitzen’s “Slaves Of Big-Time College Sports” attacks the fact the college athletes are not paid by using strong language and harsh, but accurate metaphors.

Read More
509 Words | 3 Pages

In the mid-1930s, the Cubs owner, Philip K. Wrigley, was pouring over yearly figures when he noticed a correlation he didn’t like: When the cubs won fewer games, fewer people attended the games. He was set into fixing this. As the owner of Wrigley’s gum company he was a master of advertising. Wrigley wanted to emphasize in his ads about how going to the ballpark was fun and relaxing. The idea, he said, was “to get the public to go see ball games, win or lose.”

Read More
368 Words | 2 Pages

Document A Businesses went from low income friendly to high-income friendly. Low-income housing decreased in Woodward from 1995-2012 -Social housing increased from 1995 to 2012 It would have been better to live in Woodward in 1995 because the properties are low income friendly and more people have the opportunity to live there. Many people in Woodward in 1995 would be put in the stereotype that low-income people are committing crimes Gentrification is not okay because many people in the world have issues with finances.

Read More
2986 Words | 12 Pages

This study will focus on the three locally producible factors, Oconee County’s efforts in the areas of investment in human capital, investment in physical capital, and growth of labor force. The findings of this research may be important to organizations such as the Oconee Economic Alliance, a nonprofit focused on efforts to “accelerate job creation and capital investment, increase per capita income, diversify the local tax base, and generate awareness of Oconee County as a business location” (Oconee Economic Alliance, 2014). In addition to working with employers in the area, they seek to attract new international and domestic companies and work with the community to improve the area’s desirability to businesses and residents. The purpose of this study is to assess Oconee County’s competitiveness in the field of economic development by determining its strengths and weaknesses in the areas of investment in human and physical capital and growth of labor force. The importance of the results of this research is to ensure the continued growth of Oconee County.

Read More
1054 Words | 5 Pages

Ever since its debut by gym teacher Dr. James Naismith in 1891 basketball has become a widely popularized team sport for both men and women across the nation. Though enjoyed by both men and women, women have struggled to attain the same respect in the sport as men, even though the women at the University of California had their first extramural game in 1892. The same trend continues in the NBA, National Basketball Association, and WNBA, Women’s National Basketball. The NBA started 70 years ago in 1946 while the WNBA began 20 years ago in 1996. The NBA continues to gain popularity, while the WNBA struggles to still be known.

Read More
950 Words | 4 Pages

When a town/state hosts the NFL’s Super Bowl, the area is heavily impacted on an economic level. Spectators of this widely publicized event come into these towns and patron local hotels, restaurants, area shopping centers and tourist attractions. This fact alone has a huge economic impact on both the local and state level. Tax dollars generated by the sales and patrons of these establishments equals an increase in state allocated

Read More
840 Words | 4 Pages

The Teams began to build stadiums which helped the sports industry tremendously. “The 19th century had admired its sporting heroes, but the mass media extended their reach, transforming local idols into national celebrities. Many cities built huge football stadiums and baseball parks. The number of Americans attending sports games doubled during the decade.” The sports industry impacted the 1920’s and clearly helped bring in fans and income towards the industry.

Read More
553 Words | 3 Pages

March Madness, the NCAA Men's Basketball Tournament, is an eagerly anticipated sporting event in the United States. This annual tournament captivates millions of fans nationwide as collegiate basketball teams compete for the national championship. However, March Madness is not merely a sporting spectacle; it also generates substantial economic activity. From tourism and hospitality to television broadcasting and advertising, the tournament's economic impact is far-reaching. This essay will explore the economic concepts at play during March Madness and analyze how they contribute to the tournament's overall success.

Read More
466 Words | 2 Pages

The (1-5) Los Angeles Lakers are in one of the world’s most popular vacation spots Miami, Florida, for a run against the (4-3) Miami Heat at American Airlines Arena. Miami receives one of the highest levels of rainfall among major U.S. cities, but Miami-Dade is also home to the largest concentration of international banks in the United States. The purple and gold are not in Miami to experience the trendy nightlife of South Beach, the Art Deco District (the first 20th century neighborhood recognized by the National Register of Historic Places with 800 structures built between 1923-1943), the historic hideaways of Coral Gables or the family-owned shops of Coconut Grove, this team has to stay focused on developing, improvement, learning and building.

Read More
542 Words | 3 Pages

Did you know that in March Madness (one of the biggest tournaments for college basketball) that there are over 9 million dollars spent on just betting. No commercials or anything, just betting. College basketball is so much more interesting than NBA basketball, but in the NBA the stadiums are bigger so more people come. People don't realize how lazy players are in the NBA. College basketball is so much more interesting than NBA because they try harder in games, they rebound, which leads to big things, and there has been more money spent on March Madness than any other tournament in college basketball.

Read More
811 Words | 4 Pages

“Healthy, Wealthy , and Wise”. Such a short, straight-to-the point quote. Well, who said it? What does it mean? The quote actually originates from .That

Read More
2003 Words | 9 Pages

families around the globe to the a large number of Disney VoluntEARS hours performed but their cast individuals to the neighbourhood economies they bolster through employment creation, charge income and local suppliers and contractors. Community have 4 parts which are Charitable Giving, VoluntEARS, sharing their expertise and economic Impact. • Charitable Giving The first is Charitable Giving. Walt Disney’s collaborate with local, national and worldwide non-benefit organizations to support programs that promote empathy, protection, creativity and healthy living while they tending to the extraordinary needs in the communities that we as a whole call home.

Read More
118 Words | 1 Pages

The social justice tile pertains to the Sports/Athletics field of education. I selected to Sports/Athletics because to student-athletes, it tends to have a big influence on the student-athletes life. The positive effects that playing a sport as a student-athlete is that they get the opportunity to earn a scholarship, make great friends, and are less likely for the student-athlete to be negatively influenced. The negative effects would be time management skills, physical health, and mental health.

Read More
1061 Words | 5 Pages

The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities

Read More

More about Charlotte Hornets And TWCA Economic Impact

Open Document