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The Amenity Value of Sports Facilities: Evidence From the Staples Center in Los Angeles

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  • Zachary T. Keeler
  • Heather M. Stephens
  • Brad R. Humphreys

Abstract

U.S. cities have recently experienced a boom in new sports facility construction. Although these facilities can provide benefits to local residents, they may also generate negative externalities, making dwellings near a facility less desirable. Using a hedonic spatial difference-in-differences model, we analyze the impact of proximity to the Staples Center, a sports and entertainment venue in downtown Los Angeles, California, on house prices. Results indicate that the arena opening increased nearby house prices and that there were also positive “anticipation†effects associated with the announcement of the new arena location and local government approval.

Suggested Citation

  • Zachary T. Keeler & Heather M. Stephens & Brad R. Humphreys, 2021. "The Amenity Value of Sports Facilities: Evidence From the Staples Center in Los Angeles," Journal of Sports Economics, , vol. 22(7), pages 799-822, October.
    • Handle: RePEc:sae:jospec:v:22:y:2021:i:7:p:799-822
    DOI: 10.1177/15270025211018258
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    Cited by:

    1. Tsai, I-Chun, 2024. "A wise investment by urban governments: Evidence from intelligent sports facilities," Journal of Asian Economics, Elsevier, vol. 92(C).
    2. Brad R. Humphreys & Geoffrey Propheter, "undated". "NFL Franchise Departures and Nearby Home Prices," Working Papers 24-05, Department of Economics, West Virginia University.
    3. Geoffrey Propheter, 2023. "Sports Facilities as a Housing Amenity: Do Prices Follow Facilities?," Journal of Sports Economics, , vol. 24(4), pages 443-474, May.
    4. Imran Arif & Adam Hoffer & Brad Humphreys & Matthew Style, 2022. "New sports facilities do not drive migration between US cities," Economics of Governance, Springer, vol. 23(3), pages 195-217, December.

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