I'm excited by the potential impact LeBron will have on Ohio State, the Cavs, and the Cleveland/Ohio economy.
As for the latter item, LeBron's return might have a significant positive impact on the regional economy, but maybe for reasons not being emphasized by the regional media there. These economic impact studies that project increases in retail, Cavs revenue, restaurant sales, etc. tend to be all over the board (read: pseudo-scientific), as evidenced by the Cuyahoga County Fiscal Office projecting a $500 million impact, while another Cuyahoga executive is estimating a $50 million impact. Also, some of the increases on jerseys, food, tickets, etc. in Cleveland will be from residents of other places in Ohio that maybe otherwise would have spent their disposable income in Columbus or Toledo.
That said, LeBron's return - coupled with the Johnny Manziel circus - has the potential to really raise Cleveland's profile, its media coverage, the image of Cleveland as a destination community for young talent, good workers, and risk-taking entrepreneurs, and so forth. LeBron's passion for giving back to the communities of his youth - he has the potential to be a powerful role model and icon of community renewal (not to out too much on his shoulders).The real impact of LeBron would be very difficult to estimate, but it's potentially far greater than what these flimsy "studies" suggest.