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Sports Facilities as a Housing Amenity: Do Prices Follow Facilities?

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  • Geoffrey Propheter

Abstract

The sports facility amenity theory predicts that when facility sites change, home prices nearer the prior site decline while home prices nearer the new site increase. Using home sales data in the vicinity of two proposed facility sites for the Golden State Warriors in San Francisco, the data are generally supportive of the amenity theory. The study also shows that Euclidean and walking distance can yield dissimilar treatment effect sizes, thus compelling researchers to justify their distance measurement choice. Finally, the data provide weak support that home buyers respond to changes in facility re-designs towards increased public benefits.

Suggested Citation

  • Geoffrey Propheter, 2023. "Sports Facilities as a Housing Amenity: Do Prices Follow Facilities?," Journal of Sports Economics, , vol. 24(4), pages 443-474, May.
    • Handle: RePEc:sae:jospec:v:24:y:2023:i:4:p:443-474
    DOI: 10.1177/15270025221132221
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    1. Brad R. Humphreys & Geoffrey Propheter, "undated". "NFL Franchise Departures and Nearby Home Prices," Working Papers 24-05, Department of Economics, West Virginia University.

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    More about this item

    Keywords

    home prices; spatial; San Francisco; arena;
    All these keywords.

    JEL classification:

    • Z2 - Other Special Topics - - Sports Economics
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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