College of Business and Economics
Professional sports facilities and teams generate local amenity ﬂows in cities that may aﬀect property values. Previous research shows evidence of important positive and negative local amenity ﬂows based on case studies of changes in residential property values in speciﬁc cities. We analyze changes in residential property values in Oklahoma City over a period, 2000 to 2016, where both temporary and permanent exogenous shocks to local sports-related amenities occurred. Results from hedonic price models and repeat sales regression models show that nearby residential property prices increased after the opening of a new arena and the arrival of a new, permanent NBA team in the city. The presence of a temporary NBA team visiting the city had a weaker impact.
Digital Commons Citation
Chikish, Yulia; Humphreys, Brad; and Nowak, Adam, "Sports Arenas, Teams and Property Values: Temporary and Permanent Shocks to Local Amenity Flows" (2018). Economics Faculty Working Papers Series. 1.