Ouch, NC: $3.76 billions lost due to the Bathroom Bill!

We’ve already covered North Carolina’s infamous Bathroom Bill last year – but just like experts said, it’s gonna cost. And not a dime, but an arm and a leg! According to AP, the numbers are already coming up and the amount of money NC is losing due to ludicrous legislation is simply – staggering.

Over the past year, North Carolina has suffered financial hits ranging from scuttled plans for a PayPal facility that would have added an estimated $2.66 billion to the state’s economy to a cancelled Ringo Starr concert that deprived a town’s amphitheatre of about $33,000 in revenue. The blows have landed in the state’s biggest cities as well as towns surrounding its flagship university, and from the mountains to the coast. North Carolina could lose hundreds of millions more because the NCAA is avoiding the state, usually a favoured host. The group is set to announce sites for various championships through 2022, and North Carolina won’t be among them as long as the law is on the books. ”

The NAACP also has initiated a national economic boycott. The AP analysis—compiled through interviews and public records requests—represents the largest reckoning yet of how much the law, passed one year ago, could cost the state. The law excludes gender identity and sexual orientation from statewide anti-discrimination protections, and requires transgender people to use restrooms corresponding to the sex on their birth certificates in many public buildings. … The AP also tallied the losses of dozens of conventions, sporting events and concerts through figures from local officials. The AP didn’t attempt to quantify anecdotal reports that lacked hard numbers, or to forecast the loss of future conventions. Bank of America CEO Brian Moynihan—who leads the largest company based in North Carolina—said he’s spoken privately to business leaders who went elsewhere with projects or events because of the controversy, and he fears more decisions like that are being made quietly.”

Add Comment