CIAA has nearly $50 million impact on Charlotte economy - | WBTV Charlotte

CIAA has nearly $50 million impact on Charlotte economy


Having the CIAA Basketball Tournament in Charlotte pumped $47.17 million into Charlotte's economy this year, according to numbers released Tuesday by the Charlotte Regional Visitor's Authority.

Last year, the tournament had a $50.5 million impact as the tournament celebrated its 100th anniversary.

But lately Charlotte leaders have been fighting to keep the CIAA Tournament in Charlotte, even making a personal trip to league headquarters in Richmond, Virginia, after CIAA officials raised concerns.

The tournament is scheduled to stay in Charlotte until 2014. It's up for grabs after that. Charlotte has to rebid for the CIAA this summer to keep it in Charlotte until 2018.

One complaint is with the hotels. Leaders think the prices are too high and they think hotels are taking advantage of the fans.

Another concern for new CIAA commissioner Jacqie Carpenter is all the parties that happen during the CIAA. She believes the parties take the spotlight away from the basketball tournament. She wants those people who are packing the parties - to pack the 20,000 seats in the Time Warner Cable Arena.

Charlotte City Council wants more oversight from the CRVA to contract and manage the room block for the Tournament in future years.

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