caa a22 4500 445316535 CHVBK 20180317142649.0 cr unu---uuuuu 170323e20110101xx s 000 0 eng 10.1007/s11146-009-9171-5 doi (NATIONALLICENCE)springer-10.1007/s11146-009-9171-5 Casino Revenues and Retail Property Values: The Detroit Case [Elektronische Daten] [Jonathan Wiley, Douglas Walker] We analyze the effects of commercial casinos on retail property values in the Detroit urban area. Accounting for property characteristics and proximity to the casinos, casinos are found to have a significantly positive influence on retail property values. The effect is stronger within a 5-mile radius of the casinos, suggesting that casinos have a complementary, rather than substitution, effect on other businesses. This provides some of the first micro-level empirical evidence to support the "drawing power” of casinos and the impact of consumer spending on surrounding businesses. The model developed and tested in this study can be applied to other casino jurisdictions to gain further evidence on the impact of commercial casinos. Springer Science+Business Media, LLC, 2009 Retail nationallicence Drawing power nationallicence Cumulative attraction nationallicence Casino nationallicence Wiley Jonathan Clemson University, 165 Sirrine Hall, 29634, Clemson, SC, USA aut Walker Douglas College of Charleston, 5 Liberty Street, 4th Floor, 29401, Charleston, SC, USA aut The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/1(2011-01-01), 99-114 0895-5638 42:1<99 2011 42 11146 https://doi.org/10.1007/s11146-009-9171-5 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11146-009-9171-5 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Wiley Jonathan Clemson University, 165 Sirrine Hall, 29634, Clemson, SC, USA aut NATIONALLICENCE 700 1- Walker Douglas College of Charleston, 5 Liberty Street, 4th Floor, 29401, Charleston, SC, USA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/1(2011-01-01), 99-114 0895-5638 42:1<99 2011 42 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer