The Role of Architecture on Urban Revitalisation: The Case of 'Olympic Arenas' in Berlin - Prenzlauer Berg

Hamburg Contemporary Economic Discussions, No. 1, 2007

34 Pages Posted: 6 Jan 2010

See all articles by Gabriel M. Ahlfeldt

Gabriel M. Ahlfeldt

London School of Economics & Political Science (LSE) - Department of Geography and Environment

Wolfgang Maennig

Universit├Ąt Hamburg, Faculty of Business, Economics and Social Sciences

Date Written: 2007

Abstract

This paper investigates socioeconomic impacts of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg, Germany. The three arenas were chosen for their potential to contribute to revitalisation of their economically deprived neighbourhoods. We employ a difference-in-differences approach to check for structural breaks in development of land values within areas of potential impact. Our results suggest that arenas emanate positive externalities and apparently have accelerated the process of gentrification going on in Prenzlauer Berg. However, evidence also supports concerns that congestion problems may adversely affect property values, at least when not addressed appropriately during planning.

Keywords: Stadium Impact, Stadium Architecture, Gentrification, Berlin

JEL Classification: R53, R58

Suggested Citation

Ahlfeldt, Gabriel M. and Maennig, Wolfgang, The Role of Architecture on Urban Revitalisation: The Case of 'Olympic Arenas' in Berlin - Prenzlauer Berg (2007). Hamburg Contemporary Economic Discussions, No. 1, 2007. Available at SSRN: https://ssrn.com/abstract=1531813 or http://dx.doi.org/10.2139/ssrn.1531813

Gabriel M. Ahlfeldt

London School of Economics & Political Science (LSE) - Department of Geography and Environment ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

HOME PAGE: http://personal.lse.ac.uk/ahlfeldg/

Wolfgang Maennig (Contact Author)

Universit├Ąt Hamburg, Faculty of Business, Economics and Social Sciences ( email )

Von-Melle-Park 5
Hamburg, 20146
Germany

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