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

Chair for Economic Policy, University of Hamburg
SSRN Electronic Journal 02/2007; DOI: 10.2139/ssrn.1531813
Source: RePEc


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.

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Available from: Wolfgang Maennig, Apr 17, 2014
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    • "This calculation was narrowly focussed on the flow of revenue and taxes directly attributable to tourists visiting the city on account of the museum and yielded a return on investment of 15.7% per annum, recuperating the investment in the building by 2006 (Plaza 2006: 462, Table 4). A second example, this time with sport facilities in the key role in the redefinition of city on the international stage, with positive effects on its development trajectory, is Barcelona, the host city of the 1992 summer Olympic Games (Ahlfeldt and Maennig 2008b). The local authorities used the event to more successfully integrate the coastal line into the existing city (Monclús 2000). "
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