U.S. cities have recently experienced a boom in new sports facility construction. Although these facilities can provide benefits to local residents, they may also generate negative externalities, making dwellings near a facility less desirable. Using a hedonic spatial difference-in-differences model, we analyze the impact of proximity to the Staples Center, a sports and entertainment venue in downtown Los Angeles, California, on house prices. Results indicate that the arena opening increased nearby house prices and that there were also positive “anticipation” effects associated with the announcement of the new arena location and local government approval.

中文翻译：

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体育设施的舒适性价值：来自洛杉矶斯台普斯中心的证据

美国城市最近经历了新体育设施建设的热潮。虽然这些设施可以为当地居民带来好处，但它们也可能产生负面的外部性，使设施附近的住宅不太受欢迎。使用享乐空间差异差异模型，我们分析了靠近斯台普斯中心（位于加利福尼亚州洛杉矶市中心的体育和娱乐场所）对房价的影响。结果表明，球馆的开放提高了附近的房价，而且新球馆位置的公布和当地政府的批准也产生了积极的“预期”效应。