Resumen de Novelty effects and sports facilities in smaller cities: : Evidence from Canadian hockey arenas
Brian P. Soebbing, Daniel S. Mason, Brad R. Humphreys
Like their larger counterparts, smaller cities use public funds to build facilities to host local sports franchises. One argument for doing so is the new economic activity and attendance new facilities generate. However, academic research examining both major league stadium/arenas and minor league baseball stadiums finds a novelty effect – a brief period of higher attendance – exists but not a long-term sustainable increase for new facilities. This paper extends the research on small cities and novelty effects of sports facilities by integrating and exploring how city size and proximity influences the novelty effect of new hockey arenas in smaller communities. Results show a novelty effect for new facilities built to host Canadian Hockey League franchises for the first five years. In small cities, the novelty effect occurs only in years three through five after opening.
