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Sport and the Local Economy: The Effects of Stadia Development on the Commercial Property Market

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  • Larissa E. Davies

    (Faculty of Development and Society, Sheffield Hallam University, UK)

Abstract

The use of sports stadia for economic development and regeneration has gained increasingly credibility in recent years, both academically and in terms of UK urban policy. However, evidence to support the effectiveness of stadia for these purposes is highly variable. This paper uses a comparative case study of the Millennium Stadium and the City of Manchester Stadium to examine the effects of stadia development on the commercial property market, an area of research that has received little attention in the literature. It uses the expert opinion of professionals working in real estate, together with the experience of key stakeholders in Manchester and Cardiff to provide empirical evidence that stadia can create tangible and intangible impacts on the commercial property market, but that these are variable between different sectors. It concludes by arguing the need for further research on the role of stadia in the regeneration process if the impacts of these developments are to be maximised in the future.

Suggested Citation

  • Larissa E. Davies, 2008. "Sport and the Local Economy: The Effects of Stadia Development on the Commercial Property Market," Local Economy, London South Bank University, vol. 23(1), pages 31-46, February.
    • Handle: RePEc:sae:loceco:v:23:y:2008:i:1:p:31-46
    DOI: 10.1080/02690940801906718
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    References listed on IDEAS

    as
    1. Calvin Jones, 2001. "A Level Playing Field? Sports Stadium Infrastructure and Urban Development in the United Kingdom," Environment and Planning A, , vol. 33(5), pages 845-861, May.
    2. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480.
    3. Phillip Lee, 2002. "The Economic and Social Justification for Publicly Financed Stadia: The Case of Vancouver's BC Place Stadium," European Planning Studies, Taylor & Francis Journals, vol. 10(7), pages 861-873, October.
    4. Peter Newman & Melanie Tual, 2002. "The Stade de France. The Last Expression of French Centralism?," European Planning Studies, Taylor & Francis Journals, vol. 10(7), pages 831-843, October.
    5. Andy Thornley, 2002. "Urban Regeneration and Sports Stadia," European Planning Studies, Taylor & Francis Journals, vol. 10(7), pages 813-818, October.
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