Virus Measures to Cost Indy Economy Eight Figures

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Downtown Indianapolis businesses will lose out on tens of millions of dollars in revenue over the coming weeks, following decisions by the Big Ten Conference and the NCAA to ban in-arena spectators at their post-season tournaments, according to a report by the Indianapolis Business Journal.

The NCAA event was expected to draw some 42,000 people to the city. Another 18,000 fans were expected to attend the Big Ten men’s basketball tournament at Bankers Life Fieldhouse this week. That tournament started Wednesday, with fans at the first two two games, but it will continue without crowds through Sunday's championship game. The groups separately decided Wednesday they would close the events to the public as the outbreak of COVID-19, a disease caused by a novel coronavirus, worsens throughout the United States. The decisions were made to protect the health of student-athletes and the general public.

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