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Arenas, Arena Architecture and the Impact on Location Desirability: The Case of `Olympic Arenas' in Prenzlauer Berg, Berlin

Author

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  • Gabriel Ahlfeldt

    (Faculty of Economics and Business Administration, University of Hamburg, Von-Melle-Park 5, Hamburg, D-20146, Germany, ahlfeldt@econ.uni-hamburg.de)

  • Wolfgang Maennig

    (Faculty of Economics and Business Administration, University of Hamburg, Von-Melle-Park 5, Hamburg, D-20146, Germany, w.maennig@econ.uni-hamburg.de)

Abstract

This paper investigates impacts of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg, Germany, employing highly disaggregated data on land values. The three arenas, their architecture and location within the city were explicitly designed to contribute to revitalisation of their economically deprived neighbourhoods. A difference-in-differences approach is employed to check for structural breaks in development of land values within areas of potential impact. The results suggest that arenas emanate positive externalities that improve location desirability in their neighbourhoods. However, evidence also supports concerns that the negative external effects of arenas may adversely affect neighbourhoods, when not addressed appropriately during planning.

Suggested Citation

  • Gabriel Ahlfeldt & Wolfgang Maennig, 2009. "Arenas, Arena Architecture and the Impact on Location Desirability: The Case of `Olympic Arenas' in Prenzlauer Berg, Berlin," Urban Studies, Urban Studies Journal Limited, vol. 46(7), pages 1343-1362, June.
    • Handle: RePEc:sae:urbstu:v:46:y:2009:i:7:p:1343-1362
    DOI: 10.1177/0042098009104569
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