Program
Economics
College
Arts and Sciences
Student Level
Doctoral
Start Date
7-11-2018 3:00 PM
End Date
7-11-2018 4:00 PM
Abstract
The price tags associated with building sports centers have been ever increasing over the twentieth century, and with increases in those prices come increases in the public funding and subsidies required to fund them. Sports centers have been credited with having the potential of increasing tourism, employment, and public pride in metropolitan areas. However, the research has mostly shown negligible or adverse effects. We use a hedonic difference in difference approach to determine the effect of building the Century Link Field, a multi-purpose stadium in Seattle, Washington. We find that the building of the stadium was associated with an increase in residential property prices King County Washington, suggesting that building the stadium had a positive impact on the local economy.
The effects rebuilding the Century Link Stadium on Residential Property Values in King County Washington
The price tags associated with building sports centers have been ever increasing over the twentieth century, and with increases in those prices come increases in the public funding and subsidies required to fund them. Sports centers have been credited with having the potential of increasing tourism, employment, and public pride in metropolitan areas. However, the research has mostly shown negligible or adverse effects. We use a hedonic difference in difference approach to determine the effect of building the Century Link Field, a multi-purpose stadium in Seattle, Washington. We find that the building of the stadium was associated with an increase in residential property prices King County Washington, suggesting that building the stadium had a positive impact on the local economy.
