Cleveland is pretty much ecstatic with the news of LeBron James returning to the Cavaliers, and even more excited by the moola his presence will bring the city.
Professor LeRoy Brooks of the Boler School of Business at John Carroll University in Cleveland did the math and spoke to Time Magazine about the potential bread LeBron will be bringing to the city, with Brooks assessing that the city's economy will take a $500 million boost once King James returns home.
"More fans will flock to Quicken Loans Arena to see James play, more staff will be needed at the arena to handle those larger crowds, more money will be spent during games at local bars and restaurants, and all of that will get pumped back into the region...call it the LeBron Effect."
Adding in increased ticket prices for home games, increased revenue for hotels, bars, shops, etc., from tourists and increased media, and even more potential money if the Cavaliers make the playoffs, James' presence will be doing a whole lot more for the city than simply selling a few jerseys.
Are you looking forward to LeBron making the switch? Sound off below.
Source: bossip.com
