2017
DOI: 10.1111/1475-4932.12317
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Understanding the Non‐Market Value and Equity Implications of the Walsh Bay Arts Precinct Redevelopment

Abstract: Few studies have sought to identify willingness to pay for arts precincts. However, given the subsidies required for developing such precincts, understanding non‐market benefits is important for their justification. Using contingent valuation, we identify community willingness to pay for the redevelopment of the Walsh Bay Arts Precinct in Sydney, Australia. We explore equity implications by examining the distribution of values across regions and attitudinal segments. We find that willingness to pay is not sole… Show more

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Cited by 1 publication
(2 citation statements)
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“…This is important because the topic is likely somewhat unfamiliar for many Australians. The method also provides lower and more conservative results (Morrison & Hill, 2017).…”
Section: Questionnaire Designmentioning
confidence: 99%
See 1 more Smart Citation
“…This is important because the topic is likely somewhat unfamiliar for many Australians. The method also provides lower and more conservative results (Morrison & Hill, 2017).…”
Section: Questionnaire Designmentioning
confidence: 99%
“…To avoid the potential for "yea-saying" (Blamey et al, 1999), we used a dissonance minimization approach (Blamey et al, 1999;Morrison & Hill, 2017). This is particularly relevant in new policy areas where respondents have little prior experience of indicating their preferences.…”
Section: Elicitation Questionmentioning
confidence: 99%