Save Money, Save Parks: P3 Strategies for Reducing Parks and Recreation Subsidies

In today’s near post-COVID reality, government budgets are stretched further than ever. Though they bring numerous social, economic, and health -related benefits to our communities, they are often first to cut in budgets and last to recover. In this session, discover innovative P3 (public-private-partnership) solutions to reducing government subsidy to parks and recreation facilities, programs, and staff. Our panelists will discuss real-world examples and financial results for optimizing existing assets, outsourcing operations, and creative activation to drive cost recovery. They will cover: Strategies to evaluating and optimizing facility performance How outsourcing facility operations works Financial Benchmarks for various facilities Creative parks and recreation activation to drive revenue/cost recovery Real-world P3 Examples in Parks and Recreation