$1 million deep-sixed thanks to lack of Sixers games

Posted: December 15, 2011

A MILLION BUCKS!

That, roughly, is how much money the city lost - in terms of potential wage, parking and amusement taxes - because of the NBA lockout, which wiped out 11 home games for the Sixers.

The lost revenue won't be made up any time soon. The NBA kicks off a shortened regular season in two weeks, but the Sixers start on the road. They won't play their first home game until Jan. 6.

In the meantime, city officials can only think wistfully of the money that was lost.

"It is a significant number," said Deputy Director of Commerce Duane Bumb, who reached out to the Department of Revenue and the Convention & Visitors Bureau's Sports Congress to calculate the amount that was lost because of the lockout.

They came up with the figure - $1,013,178 - after factoring in the following:

* The 20 percent parking tax, which nets $9,150 per game.

* The 5 percent amusement tax on every ticket, which - with an average attendance of 14,751 - adds up to $30,240 per game.

*  The 3.4985 percent wage tax on the players, which nets $25,599 from both teams per game.

* A hotel tax, which adds up to $16,720 for 11 games. Bumb said the city estimated that $550,000 worth of potential visitor spending was also lost to the lockout.

One figure that wasn't included is the amount of lost wages for the concessions workers at the Wells Fargo Center.

Local 274, which represents the workers, was unable to come up with a figure this week.

The Sixers' chief exec, Adam Aron, declined to comment on the lost revenue figures but noted that he was excited for the NBA season to finally get under way.

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