By Nolan Miles
P3 Kentucky Staff Writer
Like Kentucky, Montana is looking to public-private partnerships as a way to help fund improvements at state parks. Montana Gov. Bullock recently created an advisory council to oversee studies on state park funding and generate a proposal for new funding.
As part of Montana’s five-year plan to maintain state parks, Gov. Bullock’s council will look at ways to fulfill overdue maintenance, increase staffing costs and establish public-private partnerships.
“The strategic plan really does provide a great foundation off which to build, but when comes to revenue streams and the partnership and the like, I think we need more than just that plan,” Bullock says.
The council is expected to have a final report by December 2018. Click here to read more.
As we’ve reported here, Kentucky also see P3s as a potential source of much-needed investment in its state-owned parks.
Don Parkinson, secretary of the Kentucky Tourism, Arts and Heritage Cabinet, told P3 Kentucky last year that Kentucky’s 49 state parks need more than $240 million in improvements – funding the state currently doesn’t have available to make the parks more of a draw for tourists and Kentucky residents.
Tourism accounts for about $13 billion in economic activity annually in Kentucky.