Public sector funding for theme and amusement parks through bond financing in Arizona: a case study

Abstract

This study involves the results and implications of recent Arizona legislation that authorises communities to issue revenue bonds to fund theme and amusement parks. Through mostly qualitative data, it explores the motives, development procedures, park concept, economic feasibility and restrictions imposed by this legislation. Among other conclusions, it questions the long-term relevancy of this type of public funding for private groups and predicts consequences of other 'economic relief and stimulus packages for short-term gain. A concise review of House Bill 2374 is included. It explores the completed and anticipated development process.