Resource title

The impact of sports arenas on land values: evidence from Berlin

Resource image

image for OpenScout resource :: The impact of sports arenas on land values: evidence from Berlin

Resource description

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.

Resource author

Gabriel M. Ahlfeldt, Wolfgang Maennig

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25349

Resource license

Adapt according to the presented license agreement and reference the original author.