Creative Local Government Revenue-Raising Tactic

Creative Local Government Revenue-Raising Tactic

20 November 2006 · No Comments

From China Daily:

Wuhan, my hometown in Central China, plans to sell the right to name streets, bridges, public plazas and high-rise buildings to businesses in exchange for money the municipal government desperately needs to make up for a “funding shortage in government operations.”

I wonder how long it will be before municipal governments, which appear to be OK with selling the naming rights to public sports venues, start selling naming rights to other parts of our infrastructure.

Tags: Big Business · Odd