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Sports Facilities, Agglomeration, and Urban Redevelopment

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  • Humphreys, Brad

    ()
    (University of Alberta, Department of Economics)

  • Zhou, Li

    ()
    (University of Alberta, Department of Economics)

Abstract

We develop a monopolistic competition model of urban service consumption and production that includes spatial structure and property values. The model shows that the introduction of a new professional sports facility and team generates agglomeration effects that change the mix of services and property values, and increases local welfare, part of which is transferred to the team as subsidies for the construction of the facility. The distributional consequences of the new facility and the implications of property tax based financing for the subsidy are analyzed.

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Bibliographic Info

Paper provided by University of Alberta, Department of Economics in its series Working Papers with number 2013-4.

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Length: 49 pages
Date of creation: 19 Apr 2013
Date of revision:
Handle: RePEc:ris:albaec:2013_004

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Keywords: agglomeration effects; sports facilities; subsidies;

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References

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  1. Xia Feng & Brad R. Humphreys, 2007. "The Spatial Impact of Professional Sports Facilities on Residential Housing Values: Evidence from Census Block-Group Data," IASE Conference Papers, International Association of Sports Economists 0719, International Association of Sports Economists.
  2. Takatoshi Tabuchi, 2009. "Self-organizing Marketplaces," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-607, CIRJE, Faculty of Economics, University of Tokyo.
  3. Craig A. Depken & Michael R. Ward & Carolyn A. Dehring, 2006. "The Impact of Stadium Announcements on Residential Property Values: Evidence from a Natural Experiment in Dallas-Fort Worth," Working Papers, University of Texas at Arlington, Department of Economics 0602, University of Texas at Arlington, Department of Economics.
  4. Ed Glaeser & Jed Kolko & Albert Saiz, 2000. "Consumer City," NBER Working Papers 7790, National Bureau of Economic Research, Inc.
  5. Edward L. Glaeser & Joshua D. Gottlieb, 2006. "Urban Resurgence and the Consumer City," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research 2109, Harvard - Institute of Economic Research.
  6. Edward L. Glaeser & Jesse Shapiro, 2001. "Is There a New Urbanism? The Growth of U.S. Cities in the 1990s," NBER Working Papers 8357, National Bureau of Economic Research, Inc.
  7. Henkel, Joachim & Stahl, Konrad & Walz, Uwe, 2000. "Coalition Building in a Spatial Economy," Journal of Urban Economics, Elsevier, vol. 47(1), pages 136-163, January.
  8. Edward L. Glaeser & Joshua D. Gottlieb, 2009. "The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States," NBER Working Papers 14806, National Bureau of Economic Research, Inc.
  9. Dennis Coates & Brad R. Humphreys, 2008. "Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0818, International Association of Sports Economists;North American Association of Sports Economists.
  10. Katherine A. Kiel & Victor Matheson & Christopher Sullivan, 2010. "The Effect of Sports Franchises on Property Values: The Role of Owners versus Renters," Working Papers, College of the Holy Cross, Department of Economics 1001, College of the Holy Cross, Department of Economics.
  11. Rauch, James E, 1993. "Does History Matter Only When It Matters Little? The Case of City-Industry Location," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 108(3), pages 843-67, August.
  12. Coates, Dennis & Humphreys, Brad R., 2006. "Proximity benefits and voting on stadium and arena subsidies," Journal of Urban Economics, Elsevier, vol. 59(2), pages 285-299, March.
  13. John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 14(3), pages 95-114, Summer.
  14. Dennis Coates & Brad R. Humphreys, 1999. "The growth effects of sport franchises, stadia, and arenas," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 18(4), pages 601-624.
  15. Dehring, Carolyn A. & Depken II, Craig A. & Ward, Michael R., 2008. "A direct test of the homevoter hypothesis," Journal of Urban Economics, Elsevier, vol. 64(1), pages 155-170, July.
  16. Douglas J. Besharov & Marianne Bitler & Steven J. Haider, 2011. "An economic view of food deserts in the united states," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 30(1), pages 153-176, December.
  17. Coates, Dennis & Humphreys, Brad R., 2003. "The effect of professional sports on earnings and employment in the services and retail sectors in US cities," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 33(2), pages 175-198, March.
  18. Edward L. Glaeser, 1998. "Are Cities Dying?," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 12(2), pages 139-160, Spring.
  19. Dennis Coates & Victor Matheson, 2009. "Mega-Events and Housing Costs: Raising the Rent while Raising the Roof?," Working Papers, International Association of Sports Economists;North American Association of Sports Economists 0902, International Association of Sports Economists;North American Association of Sports Economists.
  20. Dixit, Avinash K & Stiglitz, Joseph E, 1975. "Monopolistic Competition and Optimum Product Diversity," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics 64, University of Warwick, Department of Economics.
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Cited by:
  1. Huang, Haifang & Humphreys, Brad, 2012. "Do New Sports Facilities Revitalize Urban Neighborhoods? Evidence from Residential Mortgage Applications," Working Papers 2012-5, University of Alberta, Department of Economics.

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