Sunday, May 15, 2011

Property Values Near Lambeau Field Skyrocket

Commercial property near Lambeau Field
Property owners near the newly developed Lambeau Field have the Packers to thank for the raising value of their commercial properties.  Studies show that the average value per acre for commercial land is significantly higher closer to the stadium.  The average value per acre for commercial land within one fourth of a mile is $325,000 thousand versus commercial property within one half a mile at 248,000.  The actual market values of properties surrounding Lambeau are significantly higher than that of their assessed value.  So the Packers are positively affecting a lot more than just employees and local businesses.  
Property near Lambeau

"GREEN BAY BROWN/COUNTY PROFESSIONAL FOOTBALL STADIUM DISTRICT ECONOMIC IMPACT STUDY QUESTIONS AND SUMMARY FINDINGS." Green Bay Packers. Web. 15 May 2011. <http://www.packers.com/assets/docs/2010economic_impact_findings.pdf>.

Commercial Property Near Lambeau. Digital image. Web. 15 May 2011. <http://activerain.com/image_store/uploads/8/2/8/2/8/ar122333132982828.JPG>.

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