Urban neighbourhood impacts of casinos [microform] : a case study of the permanent casino site in Windsor, Ontario

Abstract

This is a continuation of a baseline study by J.P. Lowrie (1994) which looked at property sales and their values within the neighbourhood of a planned casino site in downtown Windsor, Ontario, Canada. The data set for the study consists of 658 residential sales transactions during the period from 1981 to 1995. Two measurements of property alteration were carried forward from Lowrie's (1994) study for further analysis: (1) the monthly numbers of residential property sales; and (2) the sale prices of these properties. The addition of variables affecting housing price improved the accuracy of the ARIMA (Autoregressive Integrated Moving Average) modelling from that used in Lowrie's (1994) study. The results however were parallel--the monthly numbers of sales have decreased, but property prices have increased, since the casino location announcement.