%0 Journal Article
%T Estimating the Effect of Sports Facilities on Local Area Commercial Rents: Evidence From BrooklynĄ¯s Barclays Center
%A Geoffrey Propheter
%J Journal of Sports Economics
%@ 1552-7794
%D 2019
%R 10.1177/1527002517723048
%X The effect of BrooklynĄ¯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
%K arena
%K commercial rents
%K spatial
%K economic impact
%U https://journals.sagepub.com/doi/full/10.1177/1527002517723048