Facing Budget Gaps, Cities Sell Parking, Airports, Zoo

Source: By IANTHE JEANNE DUGAN, Wall Street Journal, AUGUST 23, 2010

Cities and states across the nation are selling and leasing everything from airports to zoos–a fire sale that could help plug budget holes now but worsen their financial woes over the long run..

 ……. About 35 deals now are in the pipeline in the U.S., according to research by Royal Bank of Scotland’s RBS Global Banking & Markets. Those assets have a market value of about $45 billion–more than ten times the $4 billion or so two years ago, estimates Dana Levenson, head of infrastructure banking at RBS. Hundreds more deals are being considered, analysts say.

Leave a Reply