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