Sports Arenas, Teams and Property Values: Temporary and Permanent Shocks to Local Amenity Flows

Yulia Chikish, Brad Humphreys and Adam Nowak
Additional contact information
Yulia Chikish: West Virginia University
Adam Nowak: West Virginia University

No 18-10, Working Papers from Department of Economics, West Virginia University

Abstract: Professional sports facilities and teams generate local amenity flows in cities that may affect property values. Previous research shows evidence of important positive and negative local amenity flows based on case studies of changes in residential property values in specific cities. We analyze changes in residential property values in Oklahoma City over a period, 2000 to 2016, where both temporary and permanent exogenous shocks to local sports-related amenities occurred. Results from hedonic price models and repeat sales regression models show that nearby residential property prices increased after the opening of a new arena and the arrival of a new, permanent NBA team in the city. The presence of a temporary NBA team visiting the city had a weaker impact.

Keywords: repeat sales regression; property values; professional sports; local amenities (search for similar items in EconPapers)
JEL-codes: H71 L83 R13 R58 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2018-09-24
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://researchrepository.wvu.edu/cgi/viewcontent ... =econ_working-papers (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: Sports Arenas, Teams and Property Values: Temporary and Permanent Shocks to Local Amenity Flows (2019)
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: https://EconPapers.repec.org/RePEc:wvu:wpaper:18-10

Access Statistics for this paper

More papers in Working Papers from Department of Economics, West Virginia University Contact information at EDIRC.
Bibliographic data for series maintained by Feng Yao ().