Why and how to address the disparity in a park system when financial and technical innovations have helped support an era of new and improved public parks.
“Central Park is now a gleaming jewel thanks to $700 million in private investments, and two years ago a hedge fund manager — who lives in a mansion steps from the park — gave $100 million to shine it further. Private money now covers 75 percent of the park’s annual operating budget” – The Billionaires’… Continue reading The Billionaires’ Park – NYTimes.com
“A declining public sector, burdened by budget cuts, creates a vacuum for imaginative civic leadership that is being filled by a new class of Medicis. Things are going to get a lot worse, too. Nondefense discretionary federal spending will fall to its lowest level in modern history by 2017, leaving Washington less able to finance… Continue reading The Billionaires’ Park – NYTimes.com