Private Money, Public Parks
It was an extraordinary moment in the history of America’s urban parks, as hedge-fund billionaire John A. Paulson stepped forward last October in New York and wrote a $100 million check for Central Park.
The leader of the Central Park Conservancy, the wealthy, largely private group that runs this glistening diamond of an 843-acre park, was left close to speechless.
“Thank you, thank you, thank you,” Doug Blonsky, the conservancy’s president, told the hedge funder.
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Great article. I hope that some day in the near future politicians can once again see the value in investing in these spaces as they benefit all and are part of what makes America great.