Impact of sports arenas on land values: Evidence from Berlin

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Autor/in:
Erscheinungsjahr:
2010
Medientyp:
Text
Schlagworte:
  • Sports
  • Event
  • Mega events
  • Tourism
  • Tourists
  • Destination
  • Sports
  • Event
  • Mega events
  • Tourism
  • Tourists
  • Destination
Beschreibung:
  • 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. © 2008 Springer-Verlag.
Lizenz:
  • info:eu-repo/semantics/restrictedAccess
Quellsystem:
Forschungsinformationssystem der UHH
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Quelldatensatz
oai:www.edit.fis.uni-hamburg.de:publications/64f1a817-05d2-4e5a-b245-671bf769a32b