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- Publisher
- SAGE
- Copyright
- © The Author(s) 2017
- ISSN
- 1527-0025
- eISSN
- 1552-7794
- DOI
- 10.1177/1527002517723048
- Publisher site
- See Article on Publisher Site
Abstract
The effect of Brooklyn’s Barclays Center on commercial land rents is estimated on a pooled cross-section of parcels within 1 mile of the arena from 2006 through 2015. The effect of the arena is isolated using a triple difference-in-difference approach. From the preferred model, net operating income per square foot is estimated to fall by an average of 3.7% for each 1,000 feet away a commercial parcel is removed from the arena. The average rent effect within 1 mile of the arena is further estimated to be US$2.71 per square foot. The implications of the findings are discussed.
Journal
Journal of Sports Economics – SAGE
Published: Jan 1, 2019