Do New Sports Facilities Attract New Businesses?
14 Pages Posted: 2 Aug 2015
Date Written: July 31, 2015
We examine the impact of new sports facilities on new businesses, an unexplored topic in the literature. We use data from the Dunn and Bradstreet MarketPlace files to examine how new sports facilities affect nearby business activity in terms of the number of new businesses and workers. We find no evidence of increased new businesses openings after the opening of new sports facilities in 13 US cities in the 2000s; employment at new businesses near new facilities is larger than at new businesses elsewhere in the MSA; this increase cannot be linked to businesses in any specific industry.
Keywords: new sports facility, difference-in-differences model, firm level data
JEL Classification: R13, R58, H71, Z23
Suggested Citation: Suggested Citation