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Impact of Sports Arenas on Land Values: Evidence from Berlin

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Author Info
Gabriel Ahlfeldt () (University of Hamburg)
Wolfgang Maennig () (University of Hamburg)
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.

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File URL: http://www.holycross.edu/departments/economics/RePEc/spe/AhlfeldtMaennig_PropertyValues.pdf
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Paper provided by International Association of Sports Economists in its series Working Papers with number 0703.

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Length: 33 pages
Date of creation: Apr 2007
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Handle: RePEc:spe:wpaper:0703

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Related research
Keywords: Stadium Impact Land Gradient Hedonic Regression Spatial Autocorrelation Berlin

Find related papers by JEL classification:
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
R31 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - Housing Supply and Markets
R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
R5 - Urban, Rural, and Regional Economics - - Regional Government Analysis

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