Funding/Alternative Sources of Revenue
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Photo Courtesy Prospect Park Archives |
When city budgets are cut, parks are often the first reductions on the list. Over the past decade, park managers have come to rely on alternative financial resources for parks. Public agencies and private partners have joined to develop new funding streams. Communities have tried a variety of approaches including the creation of park improvement districts, use of tax increment financing, inclusion of smaller scale revenue generators into park development plans and corporate sponsorships.
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Case Study:
- Piedmont Park Conservancy (Atlanta, GA)