LeBron James’ first game back with the Cavaliers ended in failure Thursday, but not for Cleveland’s economy. Local businesses expected to receive a major boost from “King James’” homecoming, and the Cavaliers’ exorbitant ticket and jersey sales indicate that the financial boon won’t be going away anytime soon.
“LeBron is a one-man economic stimulus package. It’s going to benefit everybody,” Nick Kostis, owner of Pickwick and Frolic Restaurant, told Newsday. Kostis expects an additional $150,000 in revenue this year as a result of James’ return.
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