The impact of sports stadiums on localized commercial activity: Evidence from a Business Improvement District
Department
Economics, Finance and Quantitative Analysis
Document Type
Article
Publication Date
1-1-2022
Abstract
This analysis exploits the relocation of a professional baseball team from downtown Atlanta to a pre-existing Community Improvement District (CID) in suburban Cobb County to estimate the impact of the stadium development on commercial property values. The existence of multiple CIDs in the metro-Atlanta area provides the opportunity to estimate a counterfactual comparison absent the stadium to draw causal inference regarding the stadium's impact on economic activity using the synthetic control method. Estimates do not identify increased commercial property values from the stadium development, which is consistent with past studies that find little to no positive impact on economic activity.
Journal Title
Journal of Regional Science
Journal ISSN
00224146
Volume
62
Issue
1
First Page
194
Last Page
217
Digital Object Identifier (DOI)
10.1111/jors.12560