【摘要】Using data from 56 professional sports facilities opened between 1995 and 2008, we findwhat at first appears to be a substantial effect of new sports facilities on housing markets. The openingof a new facility is associated with an increase in residential mortgage applications in nearby areasof about 20 percent. However, much of the differential is due to facility location. The new facilitieslocate in areas which grew faster even if they were not near a new facility. Based on regressions usingcensus-tract level data, we find that conditioning on local income and poverty rates reduces the effectby more than a half, suggesting that characteristics of locations drive much the increase on mortgageapplications associated with new sports facilities.

【文献来源】Huang H;Humphreys B R.Journal of Regional Science.2014（4）