I don't know why some equate NYC/MSG as the "Mecca" of bball - the Knicks have sucked for decades, there's no good college teams there. The state of Texas (and the entire south in general far surpasses NY/Northeast in basketball output (*shudders from the NYC crowd*).
I guess if you live there or are from there it seems awesome, but it's not for everyone. Every major city has stuff to do and an arena and food, water, shelter. It's on the outskirts of ACC territory, not like the middle of the Big East.
I would bet the average distance from all the ACC schools to Nashville, Atlanta, Cleveland, Indianapolis and maybe even Chicago and Detroit is less than New York (not that distance is even a factor anymore).