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Impact of sports arenas on land values: evidence from Berlin

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  • Gabriel Ahlfeldt

    ()

  • Wolfgang Maennig

    ()

Abstract

This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg which were designed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3000 meters. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s00168-008-0249-4
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Bibliographic Info

Article provided by Springer in its journal The Annals of Regional Science.

Volume (Year): 44 (2010)
Issue (Month): 2 (April)
Pages: 205-227

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Handle: RePEc:spr:anresc:v:44:y:2010:i:2:p:205-227

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Keywords: R31; R53; R58;

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