Cities Putting Public Spaces Up for Sponsorship

Hundreds of public spaces -- from public parks to subway stations -- are open for bids from sponsors for naming rights.
December 8, 2010, 10am PST | Nate Berg
Share Tweet LinkedIn Email Comments

Cities are trying to address budget gaps by pulling in new sources of revenue.

"Such deals don't offer corporations the high profile they get at stadiums in front of national television cameras -or bring in the same level of cash for naming rights-but they boost local presence.

Mass-transit stations are a hot spot. Chicago, a pioneer of the idea of naming public spaces after corporate sponsors with its Millennium Park, is soliciting bids for naming rights to bus routes and train lines. The city has already cut a marketing deal with Apple Inc. for a station the computer giant renovated near one of its stores."

Full Story:
Published on Monday, December 6, 2010 in The Wall Street Journal
Share Tweet LinkedIn Email