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Award-Winning Architecture and Urban Revitalization: The Case of “Olympic Arenas” in Berlin-Prenzlauer Berg

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

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Abstract

This paper investigates socioeconomic impacts of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg, Germany. The three arenas are chosen with respect to their potential to contribute to a process of revitalization of their economically deprived neighbourhood. Impact is assessed by conducting hedonic analyses of standard land values under consideration of spatial spill-over effects. To confirm results and to provide a more comprehensive interpretation we employ a differences-in-differences approach to check for structural breaks in development of rents and selected socioeconomic variables within determined areas of potential impact. Our results suggest that arenas emanate positive externalities and apparently have accelerated the process of gentrification going on in Prenzlauer Berg. However, evidence also supports neighbourhood activists´ concerns that congestion problems may adversely affect property values, at least when not addressed appropriately during the period of planning.

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File URL: http://www.holycross.edu/departments/economics/RePEc/spe/AhlfeldtMaennig_Architecture.pdf
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Publisher Info
Paper provided by International Association of Sports Economists in its series Working Papers with number 0814.

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Length: 57 pages
Date of creation: Aug 2008
Date of revision:
Handle: RePEc:spe:wpaper:0814

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Web page: http://www.cdes.fr/index.php?id=fr69
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Related research
Keywords: Stadium Impact; Stadium Architecture; Gentrification; Hedonic Regression; Spatial Autocorrelation;

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Find related papers by JEL classification:
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
R58 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Regional Development Policy
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

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