Economic impact of NCAA coming back to Charlotte - | WBTV Charlotte

Economic impact of NCAA coming back to Charlotte

(Source: WBTV/File) (Source: WBTV/File)
CHARLOTTE, NC (WBTV) -

Politicians and businesses are relieved the NCAA will come back to North Carolina and will consider the Tar Heel state to host games up to the year 2022.

The organization states North Carolina has had a good history hosting games, and that's one reason why they are coming back. The last NCAA games played in Charlotte were back in 2015.

"When you look at the surveys," Charlotte Councilman At-Large member James Mitchell said. "Great fan experience. NCAA was very good for an economic development standpoint for our city. I think we are positioned to host it again."

The NCAA also states its Board of Governors was reluctant to consider North Carolina again. They are still concerned about the repeal of the state's House Bill 2, known as the "bathroom bill." They believe the repeal didn't go far enough, and they are worried all still won't feel welcomed in NC.

"I think we have to take a humble approach to this," Mitchell said.

Mitchell says Charlotte is a welcoming city, and will make sure the city has all its i's dotted and t's crossed when applying to host a game.

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"I am going to make sure what we need to do - as we use a basketball analogy - score a three-pointer on April 18, and be able to host a NCAA event once again in Charlotte," Mitchell said.

NCAA will announce cities that will host games through the year 2022 on April 18.

Professor of Economics Craig Depken estimates if NC missed out on this round of NCAA games, that would have meant tens of millions of dollars passing by the state.

"For the individual business it could be very important because hoteliers and restaurateurs rely upon these events to generate additional income above and beyond what is normally going on in the city," Depken said.

Depken also says the NCAA fans coming to town will help fund the hotel tax that is used to fund city projects.

"The Convention Center, the Whitewater Center, paying off the Bank of America, renovations to the Spectrum Center," he said.

NCAA says Charlotte will host a game for the 2017-2018 school year, but adds if it feels the state doesn't meet its expectations of a discrimination-free environment, the organization will take the necessary actions.

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