The Effect of Sports Franchises on Property Values: The Role of Owners versus Renters
Katherine Kiel (),
Victor Matheson () and
Additional contact information
Christopher Sullivan: Boston College
No 1007, Working Papers from International Association of Sports Economists, North American Association of Sports Economists
This paper estimates the public benefits to homeowners in cities with NFL franchises by examining housing prices rather than housing rents. In contrast to Carlino and Coulson (2004) we find that the presence of an NFL franchise has no effect on housing prices in a city. Furthermore, we also test whether the presence and size of the subsidy to the team affects values and find that higher subsidies for NFL stadium construction lead to lower house prices. This suggests that the benefits that homeowners receive from the presence of a team are negated by the increased tax burden due to the subsidies paid to the franchises.
Keywords: impact analysis; stadiums; football; mega-event; tourism (search for similar items in EconPapers)
JEL-codes: L83 O18 R53 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Working Paper: The Effect of Sports Franchises on Property Values: The Role of Owners versus Renters (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spe:wpaper:1007
Access Statistics for this paper
More papers in Working Papers from International Association of Sports Economists Contact information at EDIRC., North American Association of Sports Economists Contact information at EDIRC.
Series data maintained by Victor Matheson ().