The Impact of Sports Arenas on Land Values: Evidence from Berlin

Gabriel Ahlfeldt and Wolfgang Maennig

No 3, Working Papers from Chair for Economic Policy, University of Hamburg

Abstract: This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunc-tional sports arenas situated in Berlin-Prenzlauer Berg which were de-signed 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, in-dicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

Keywords: Stadium Impact; Land Gradient; Hedonic Regression; Spatial Auto-correlation; Berlin (search for similar items in EconPapers)
JEL-codes: R31 R5 R53 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2007-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Published in Hamburg Contemporary Economic Discussions, Issue 03, 2007

Downloads: (external link)
http://www.hced.uni-hamburg.de/WorkingPapers/200703.pdf First version, 2007 (application/pdf)

Related works:
Journal Article: Impact of sports arenas on land values: evidence from Berlin (2010)
Working Paper: Impact of sports arenas on land values: evidence from Berlin (2010)
Working Paper: Impact of Sports Arenas on Land Values: Evidence from Berlin (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hce:wpaper:003

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