With the MLB and NBA seasons preparing to restart in the next few weeks with no fans in attendance, many team owners have started to speak out about the financial impacts having no ticket sales will have on the leagues. But few have considered how the lack of fans will impact the businesses surrounding these stadiums that rely on the influx of fans and potential customers during these sports seasons.
Manager of a local restaurant on Vin Sculley Avenue in L.A.. told CBS Los Angeles, “The revenue we’ve lost is incredible,” he said. “Opening day in the past we had a line around the block.” He also added that he guesses the revenue loss is as much as 70%.
With no assurances that fans will return any time soon, things are looking pretty bleak for local businesses. There is nothing to be done for those that rely on basketball business since that whole setup has been moved to Orlando.
While many people have questioned why these leagues rushed back so quickly, local businesses have a lot more riding on getting things back to normal than just being able to watch favorite players pitch or dunk a basketball.
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