Impact of sports arenas on land values: evidence from Berlin

Ahlfeldt, Gabriel M. ORCID: 0000-0001-5664-3230 and Maennig, Wolfgang (2010) Impact of sports arenas on land values: evidence from Berlin. Annals of Regional Science, 44 (2). pp. 205-227. ISSN 0570-1864

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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 3,000 m. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

Item Type:	Article
Official URL:	http://www.springerlink.com/content/100498/
Additional Information:	© 2008 Springer-Verlag
Divisions:	Geography & Environment
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use H Social Sciences > HC Economic History and Conditions
JEL classification:	R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R31 - Housing Supply and Markets R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R53 - Public Facility Location Analysis; Public Investment and Capital Stock R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Date Deposited:	15 Oct 2009 09:47
Last Modified:	03 Apr 2024 07:48
URI:	http://eprints.lse.ac.uk/id/eprint/25512

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