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A PROFESSIONAL SPORTS STADIUM’S IMPACT ON RENTAL VALUES

by Kaplan, Jackson Liam

Creator
  • Kaplan, Jackson Liam
Date Created
2018-03-14T17:35:29.147517
Date Issued
2017-07
Place
Colorado Springs, Colorado
Language
  • English
Subject
Topic
Genre
  • thesis
Abstract

This paper explores the spatial effect of a professional sports stadium on multi-family rents in US cities using a hedonic housing price model. Estimates based on Census block groups within 10-miles of every NBA, NFL, NHL, MLB, and MLS facility across 10 U.S. Metropolitan Statistical Areas suggest that median gross rents increase with the introduction of a professional sports stadium. The results also suggest that median gross rents are higher in block groups near the facilities and the impact lessons as distance from the facility increases. This study attributes the overall increase in rental value to a societal preference for entertainment and experience provided by a stadium environment.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:29671
Digital Origin
born digital
Extent
39 pages
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Kevin Rask
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2017-07