Metro Vancouver Parks & Green Space

[whatnext]

Maybe they can look at some revenue-generating opportunities to live it up:

Vancouver Park Board to ponder new revenue sources, including more restaurants
Kenneth Chan
Jan 11 2023

Vancouver Park Board commissioners are set to direct Park Board staff to get creative with generating new additional revenue to help support the budget of operating and improving the city’s parks and recreation system.

A new member motion by Park Board commissioner Marie-Claire Howard of the ABC Vancouver party seeks to prioritize a “think big” revenue-generating strategy that “enables opportunities for increased commercial revenues.”

The Park Board is increasingly struggling to renew its aging facilities and infrastructure and expand its services to meet the needs of the growing population...

....Private restaurant operations that lease space on Park Board property have been a relatively lucrative revenue source.

For example, Cactus Club Cafe’s 2010-approved agreement to open a restaurant at English Bay Beach stipulates a starting base rent of $240,000 for the first two five-year terms. For all revenues after the first $4 million, the Park Board will receive 4%. A similar rent formula is applied to other restaurants on Park Board property in Stanley Park, Kitsilano Beach, and Queen Elizabeth Park.....

https://dailyhive.com/vancouver/vancouver-park-board-revenue-generating-strategy