One follow up thought to The Decision and what it means for the cities Cleveland and Miami. We discussed the media and the basketball impact last time and now for the rudimentary economics.
Much was said about how LeBron would rejuvenate a city if he came or how the Cleveland economy would collapse after he left (more so than it already has...just kidding Cleveland...relax). Well the reality is that Lebron has little impact over the economy aside from lining the pocket's of the owner. Maybe that's why Dan Gilbert got a little upset. While the linked article below provides more insight, I suppose we'll have to see if Miami undergoes a rapid economic expansion next year. Maybe with the pulling power of all three (James, Wade, and Bosh) it will happen, but I doubt it. I have the feeling the only people who will get pulled into the Miami economy will be Sly Stallone, Will Smith, and any other celebrity who thinks it is now cool to take a private jet into South Beach to watch a Heat game.
Why LeBron Won't Bring the Benjamins $$$$$
Freeman here.
ReplyDeleteWhat has this blog become? I leave for a month and all you guys are talking about is sports. Lets get back to the basics. You know, Econ101.
That's it. I am posting something soon. And trust me, it will be more stimulating than LBJ-chatter. I did appreciate your shout-out to social media and NE Ohio econcomic effect, but when you put lipstick (non-sports talk) on a pig, its still a sports discussion...
In conclusion, I must say that the only thing less stimulating than The Decision is a Discussion on The Decision.