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Not in my back yard! Sports stadia location and the property market

By L. E. Davies

Abstract

<p>In recent years sports stadia have been built in the UK, not only for their intended sporting purpose but with the twin aim of stimulating economic and physical regeneration. However, proposals to locate stadia in urban areas often prompt a negative reaction from local communities, fearing a decline in property prices. This paper will use a case study of the Millennium Stadium in Cardiff and the City of Manchester Stadium to illustrate that in contrast to this widely held belief, sports stadia can actually enhance the value of residential property. Furthermore, it will argue that stadia also contribute indirectly to property value through the creation of pride, confidence and enhanced image of an area.</p

Year: 2005
OAI identifier: oai:shura.shu.ac.uk:87

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Citations

  1. (1994). Hedonic analysis of transport infrastructure property effects – The empirical process, Paper No. 10 CRESR,
  2. (2002). What’s the story – more than sporting glory? Manchester and the 2002 Commonwealth Games Jones Lang LaSalle (www.joneslanglasalle.com)

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