Should we be concerned or just confused

My wife and I just purchased a home last month. It seems like the neighborhood has had several homes put up for sale (our new neighbors) the preceeding few months. Turns out, they made plans to construct a sports park about 1/8 miles away from our house (finished in summer 2026). From what I gather from speaking to the neighbors, the previous owners were concerned about a large increase in traffic through our area. So, many people sold their homes in anticipation. I would ASSUME that it should increase the property value being so close to something like that. Am I missing something or should I be grateful for such a blessing?

Update: We have found out it will be 2 soccer fields, some pickleball courts, walking trail, and a few other miscellaneous things. It's not a large city, but it is a college town.