Is Everything For Sale When Municipal Budgets Are Tight?

It's not just Snapple getting an exclusive deal in NYC, smaller cities are getting into the game.
January 29, 2004, 10am PST | Abhijeet Chavan | @legalaidtech
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"Space for rent: water tower, police cruiser, sewer line, city park, city hall. During the past three years, Michigan has cut more than $422 million from the money it was expected to share with local governments to help balance its own budget. As a result, cash-strapped suburbs of Metro Detroit have cut back on services, laid off workers and put off civic projects. Now, with another $1 billion in state budget cuts looming, communities have been forced to get creative as they try to make ends meet. Some are renting out advertising space on city-owned property; others are selling or leasing city property; still others are joining forces with their neighbors to pool resources."

Thanks to Richard Layman

Full Story:
Published on Tuesday, January 27, 2004 in The Detroit News


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