Relationship With The City of New York
The Conservancy’s original contract with the City was renewed in 2006. Under the eight-year agreement, the Conservancy receives an annual fee for services, an amount determined by a formula that requires the Conservancy to raise and spend a specified minimum amount of private funds in the Park on an annual basis. The minimum Conservancy annual expenditure – which can include maintenance, programming, and landscape improvements – is $5 million. The annual fee from the City depends on the Conservancy’s expenditures in the Park and the revenues generated by concessions in Central Park.
The current contract maintains the city’s baseline allocation for the maintenance of the Park, but it lifts the cap on the amount of funding the Conservancy receives based on concession revenues generated in the Park. Under the previous contract, the Conservancy received an amount equal to 50 percent of concession revenues beyond the first $6 million generated in the Park, not to exceed $2 million.
Read more about this topic: Central Park Conservancy
Famous quotes containing the words relationship, city and/or york:
“If the relationship of father to son could really be reduced to biology, the whole earth would blaze with the glory of fathers and sons.”
—James Baldwin (1924–1987)
“How soon country people forget. When they fall in love with a city it is forever, and it is like forever. As though there never was a time when they didn’t love it. The minute they arrive at the train station or get off the ferry and glimpse the wide streets and the wasteful lamps lighting them, they know they are born for it. There, in a city, they are not so much new as themselves: their stronger, riskier selves.”
—Toni Morrison (b. 1931)
“Affection, indulgence, and humor alike are powerless against the instinct of children to rebel. It is essential to their minds and their wills as exercise is to their bodies. If they have no reasons, they will invent them, like nations bound on war. It is hard to imagine families limp enough always to be at peace. Wherever there is character there will be conflict. The best that children and parents can hope for is that the wounds of their conflict may not be too deep or too lasting.”
—New York State Division of Youth Newsletter (20th century)