Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25347
Authors: 
Ahlfeldt, Gabriel M.
Maennig, Wolfgang
Year of Publication: 
2007
Series/Report no.: 
Hamburg contemporary economic discussions 1
Abstract: 
This paper investigates socioeconomic impacts of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg, Germany. The three arenas were chosen for their potential to contribute to revitalisation of their economically deprived neighbourhoods. We employ a difference-in-differences approach to check for structural breaks in development of land values within areas of potential impact. Our results suggest that arenas emanate positive externalities and apparently have accelerated the process of gentrification going on in Prenzlauer Berg. However, evidence also supports concerns that congestion problems may adversely affect property values, at least when not addressed appropriately during planning.
Subjects: 
Stadium Impact
Stadium Architecture
Gentrification
Berlin
JEL: 
R53
R58
ISBN: 
978-3-940369-29-1
Document Type: 
Working Paper

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