Impact of Sports Arenas on Land Values: Evidence from Berlin

Gabriel M. Ahlfeldt and Wolfgang Maennig ()

No 703, Working Papers from International Association of Sports Economists

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.

Keywords: Stadium Impact; Land Gradient; Hedonic Regression; Spatial Autocorrelation; Berlin (search for similar items in EconPapers)
JEL-codes: L83 R31 R53 R5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul, nep-geo, nep-spo and nep-ure
Date: 2007-04
View list of references View citations in EconPapers

Downloads: (external link)
http://www.holycross.edu/departments/economics/ReP ... g_PropertyValues.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:spe:wpaper:0703

Access Statistics for this paper

More papers in Working Papers from International Association of Sports Economists
Contact information at EDIRC.
Series data maintained by Victor Matheson ().