Park Funding Problems? Privatize

Stossel looks at New York City's Bryant Park, which has been privatized.

"Sounds good to me. But not to Shirley Kressel, a Boston journalist.

I asked her what's wrong with getting the money from private businesses, as Dan does.

'Because it goes into private pockets,' she said.

So what?

'Because it's very good (for Dan) to use the public land for running a private business, a rent-a-park, where all year 'round there's commercial revenue from renting it out to businesses. He keeps all that money. People don't realize that.'

So what? I don't care if they think the money is going to Mars. The park is nice, and people don't have to pay taxes to support it."