London School of Economics and Political Science. Spatial Economics Research Centre (2011) Form or function?: the impact of new football stadia on property prices in London. SERC Discussion Papers (87). Spatial Economics Research Centre. London School of Economics and Political Science, London, UK.
Full text not available from this repository.Abstract
Prestigious sports facilities increasingly feature among the most expensive development projects worldwide. Considerable public funds are often committed based on expected neighbourhood effects. This paper focuses on the channels through which stadium externalities capitalize into property prices. We investigate two of the largest stadium investment projects of the recent decade - the New Wembley and the Emirates stadium in London, UK. Evidence suggests positive stadium externalities, which are large compared to construction costs. Notable anticipation effects are found immediately following the announcement of the final stadium plans. Our results suggest that stadium architecture may play an important role in promoting positive spillovers to the neighbourhood.
| Item Type: | Monograph (Report) |
|---|---|
| Divisions: | Geography & Environment Spatial Economics Research Centre Social Policy |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use |
| Date Deposited: | 21 Feb 2012 08:34 |
| Last Modified: | 12 Dec 2024 05:54 |
| URI: | http://eprints.lse.ac.uk/id/eprint/41962 |
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