LeBron in NYC – Think of the implications

I believe that there would be a tremendous impact on real estate values in the Penn Plaza area if LeBron James were to play for the New York Knicks. According to this recent article on ESPN.com it seems like this dream is inching closer to becoming a reality. Each of the 55 home games (assuming the Knicks make it to the post season) will be a frenzy for New York fans. I imagine that the area’s retail, which was once dominated with low-end stores, will be filled with exciting new restaurants and bars and will bring a thriving new economy to the area. MSG will probably get a long overdue facelift as well.