Not in my back yard! Sports stadia location and the property market

In recent years sports stadia have been built in the UK, not only for their intended sporting purpose but with the twin aim of stimulating economic and physical regeneration. However, proposals to locate stadia in urban areas often prompt a negative reaction from local communities, fearing a decline...

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Bibliographic Details
Published in:Area (London 1969) 2005-09, Vol.37 (3), p.268-276
Main Author: Davies, Larissa E
Format: Article
Language:English
Subjects:
Area development
Cities
Communities
Estate planning
Geography
Image enhancement
impact
Local communities
Market planning
mixed method
Property
Questionnaires
Real estate market
Residential areas
residential property
Retirement communities
Sports
sports stadia
Stadiums
Urban areas
Urban renewal
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Summary:In recent years sports stadia have been built in the UK, not only for their intended sporting purpose but with the twin aim of stimulating economic and physical regeneration. However, proposals to locate stadia in urban areas often prompt a negative reaction from local communities, fearing a decline in property prices. This paper will use a case study of the Millennium Stadium in Cardiff and the City of Manchester Stadium to illustrate that in contrast to this widely held belief, sports stadia can actually enhance the value of residential property. Furthermore, it will argue that stadia also contribute indirectly to property value through the creation of pride, confidence and enhanced image of an area.
ISSN:0004-0894
1475-4762
DOI:10.1111/j.1475-4762.2005.00630.x