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Impact of Sports Arenas on Land Values: Evidence from Berlin

Gabriel Ahlfeldt and Wolfgang Maennig

No 703, Working Papers from International Association of Sports Economists, North American 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 R5 R53 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2007-04
New Economics Papers: this item is included in nep-cul, nep-geo, nep-spo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Journal Article: Impact of sports arenas on land values: evidence from Berlin (2010) Downloads
Working Paper: Impact of sports arenas on land values: evidence from Berlin (2010) Downloads
Working Paper: The Impact of Sports Arenas on Land Values: Evidence from Berlin (2007) Downloads
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