Sports Facilities as a Housing Amenity: Do Prices Follow Facilities?

被引:0
作者
Propheter, Geoffrey [1 ]
机构
[1] Univ Colorado, Sch Publ Affairs, 1380 Lawrence St,Ste 500, Denver, CO 80204 USA
关键词
home prices; spatial; San Francisco; arena; RESIDENTIAL PROPERTY-VALUES; PROFESSIONAL SPORTS; IMPACT;
D O I
10.1177/15270025221132221
中图分类号
F [经济];
学科分类号
02 ;
摘要
The sports facility amenity theory predicts that when facility sites change, home prices nearer the prior site decline while home prices nearer the new site increase. Using home sales data in the vicinity of two proposed facility sites for the Golden State Warriors in San Francisco, the data are generally supportive of the amenity theory. The study also shows that Euclidean and walking distance can yield dissimilar treatment effect sizes, thus compelling researchers to justify their distance measurement choice. Finally, the data provide weak support that home buyers respond to changes in facility re-designs towards increased public benefits.
引用
收藏
页码:443 / 474
页数:32
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