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Kavitha A. Davidson

Was NBA All-Star Weekend a Financial Winner?

New York's All-Star weekend was great, but we'll never know how much of a boon it was.
Wouldn't happen in Sacramento.

Wouldn't happen in Sacramento.

Photographer: Kevin Mazur/ WireImage via Getty Images

The 2015 NBA All-Star Game has come and gone, and it was by most accounts a great success for both the league and the host city.

According to the NBA and NYC & Company, New York's official tourism group, the hoops weekend generated approximately $195 million in economic activity. That seems like good news, especially considering the blisteringly cold weather for fans and tourists. But as with any measure of a sporting event's economic impact, this number should be taken with a grain of salt.