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Blessing or curse? Appreciation, amenities and resistance to urban renewal

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  • Ahlfeldt, Gabriel M.

Abstract

This article investigates the 2008 referendum held in opposition against the "Mediaspree", a major urban development project in Berlin that has been perceived as a threat of displacement of local residents and culture. Using precinct level data we find a high degree of localized resistance around the project area, conditional on socio-demographic characteristics. A comparison to local appreciation rates shows that in an environment of very low owner occupancy public (re)development projects are opposed the more residents associate them to an increase in area valuation. This effect is, however, not strong enough to explain the localized resistance. Considering a micro-level data set on music nodes, our results suggest that this effect is instead attributable to a feared loss of specific cultural amenities and neighborhood character.

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Bibliographic Info

Article provided by Elsevier in its journal Regional Science and Urban Economics.

Volume (Year): 41 (2011)
Issue (Month): 1 (January)
Pages: 32-45

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Handle: RePEc:eee:regeco:v:41:y:2011:i:1:p:32-45

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Web page: http://www.elsevier.com/locate/regec

Related research

Keywords: Cultural amenities Displacement pressure Hedonic modeling Mediaspree Urban development;

References

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  1. McMillen, Daniel P., 1996. "One Hundred Fifty Years of Land Values in Chicago: A Nonparametric Approach," Journal of Urban Economics, Elsevier, vol. 40(1), pages 100-124, July.
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  8. Gabriel M. Ahlfeldt & Wolfgang Maennig, 2010. "Substitutability and Complementarity of Urban Amenities: External Effects of Built Heritage in Berlin," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 38(2), pages 285-323.
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Citations

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Cited by:
  1. Feddersen, Arne & Maennig, Wolfgang, 2012. "Sectoral labour market effects of the 2006 FIFA World Cup," Labour Economics, Elsevier, vol. 19(6), pages 860-869.
  2. Ahlfeldt, Gabriel M. & Georgios, Kavetsos, 2010. "Form or Function? The Impact of New Football Stadia on Property Prices in London," MPRA Paper 25003, University Library of Munich, Germany.
  3. Gabriel Ahlfeldt & Wolfgang Maennig, 2013. "Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects," CESifo Working Paper Series 4301, CESifo Group Munich.
  4. Christian A. L. Hilber, 2011. "The Economics Implications of House Price Capitalization A Survey of an Emerging Literature," SERC Discussion Papers 0091, Spatial Economics Research Centre, LSE.

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