Abstract
To fill a research gap concerning the economic impact of stadium-led regeneration in densely built UK urban areas with constant footfall, this study takes the Tottenham Hotspur Stadium project as a case study to analyse its heterogeneous effects on local business dynamics across spatial and temporal dimensions using a Difference-in-Differences framework. By constructing cross-sectional and monthly panel data, the study employs survival analysis models (AFT, Cox, and xtcloglog) to quantitatively assess the interactive effects of proximity to the stadium, establishment time, and industry category on business survival. Combined with qualitative research, the study further reveals the pathways through which stadium regeneration influences businesses in different industries via consumption structure restructuring, cost pressures, and policy interventions. The results show significant differences across industries in sensitivity to stadium proximity. Food and leisure complementary industries demonstrate stronger survival capabilities in stadium-adjacent areas, with food businesses experiencing a 64.7% reduction in failure hazard and leisure businesses showing a 93% increase in survival time. The accommodation industry shows no significant response. As a non-complementary industry, the retail sector sees a 35% decline in survival time within the stadium’s core impact zone, though its survival probability remains marginally higher than that of businesses farther away. Additionally, the establishment time of businesses also influences their survival resilience: businesses established before the stadium’s opening were more resilient to spatial disruptions than new entrants, particularly evident in the retail industry.
Presenters
Shuheng ZhaoStudent, MPhil in Planning, Growth, and Regeneration, University of Cambridge, Cambridgeshire, United Kingdom
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
STADIUM-LED REGENERATION, LOCAL ECONOMIC IMPACT, SURVIVAL ANALYSIS, FOOTBALL CLUB, UK
