
Privatization Issues | |
State Parks Embrace Business Tactics |
Faced with dwindling budgets and mounting maintenance demands, state
parks are developing their marketing and money-making skills. They are
designing entrepreneurial programs to attract more visitors, reduce their
dependence on state money and improve their overall financial viability.
Parks officials in New York formed a $2 million alliance with Coca-Cola
-- whose products are now the official drink of the parks system. Under an "entrepreneurial budget system" pioneered by Texas
in 1993, parks there can keep as much as 35 percent of the revenue they
generate beyond a targeted amount set at the beginning of each fiscal year. Source: Terzah Ewing, "Meet the New Entrepreneurs: State Parks,"
Wall Street Journal, February 11, 1997. |