Accession Number : ADA226213
Title : Public-Private Ventures for Morale, Welfare, and Recreation Activities. A Solution to the Loss of Appropriated Funds. Volume 7. Appendices O, P, and Q
Descriptive Note : Final rept.
Corporate Author : LOGISTICS MANAGEMENT INST BETHESDA MD
Personal Author(s) : Neve, Trevor L ; Cassell, Jordon W ; Crosslin, Robert L ; Hutchinson, Robert A
Report Date : Jul 1990
Pagination or Media Count : 167
Abstract : In 1987, Congress reduced appropriated funds support for the Services' Morale, and Recreation (MWR) programs, causing price increases, reductions in services, and fewer in services, and fewer capital improvements. This report studies the feasibility and desirability of public/private ventures (P/PVs) as an alternative to five Government-operated MWR activities: golf course, bowling centers, clubs, marinas, and theaters. In a P/PV, a private company under contract to an installation would fund and construct capital improvements to one or more MWR activities, and own, operate, and maintain those activities at its own risk of profit or loss, possibly sharing profits with the installation. The study looks at nine test sites and where appropriate offers example requests for proposals. The advantages of P/PVs are access to private capital, freedom from many of the Government's contracting, employment, and operating restrictions, industry expertise and profit-making practices, and the potential of opening MWR activities to the general public. P/PVs can play a major role in MWR although they are not feasible for every MWR activity or all installations. Marinas present the most lucrative P/PV opportunities. Navy theaters are not recommended for P/PVs. Golf, bowling, and club P/PVs are feasible within certain parameters. Keywords: Financial management, Finance, Public/private ventures, Golf, Bowling, Marinas, Privatization, Third party financing, Morale, Welfare, Recreation.
Descriptors : *FINANCIAL MANAGEMENT , *MILITARY FACILITIES , SOCIAL WELFARE , SHARING , INSTALLATION , PROFITS , RECREATION , MORALE , RISK , COSTS
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE