Outdoor Recreation Idea of the Day, December 17, 2010

A Bank Account for Future Recreation Programs?

December 17, 2010 (Washington, DC) - President Obama announced a plan for moving ahead on a 6-year surface transportation program which would embrace a concept he referenced in his Presidential campaign: an infrastructure bank which would raise private capital for transportation projects and guarantee the repayment of those funds with a relatively small federal deposit. This would be his way to "front load" the surface transportation program and create more employment without adding to the federal deficit. And the federal guarantee makes the private capital available at low rates.

If the White House likes the idea of an infrastructure bank for roads and railroads, would they also like the idea of an infrastructure bank for parks and other federal recreation sites where entrance fees, user fees and other payments could be earmarked for repayment of the funding? Possible examples of projects could include utilities, campgrounds, marinas, lodges and restaurant facilities.

Idea of the Day is inspired by the President's America's Great Outdoors Initiative to connect Americans to the outdoors and its IdeaJam blog. ARC’s submissions to the blog can be found if you click here. Additional ideas that have been submitted to IdeaJam can be found in our September 2010 newsletter, which is here.