See the whole story in the WSJ here. Unfortunately, it is behind a pay wall. Here is an excerpt:
California is close to finalizing bids from private companies to take over day-to-day operations of six state parks, including Brannan Island here, in an unprecedented step by the state to prevent mass park closures after stiff budget cuts.
On Monday, the state expects to finish its first corporate agreement, under which American Land & Leisure Co. would take over operations of three state parks for five years, the California Department of Parks and Recreation said. Three other state parks also are slated for private management, which covers running all concessions, visitor services, security and parks’ legal liabilities. The state will maintain ownership of the park lands.
The corporate bids are part of California’s last-ditch effort to keep more state parks open. The nation’s second-biggest parks system by area after Alaska’s has been in a tailspin in recent years, with annual funding slashed by $23 million—or 20%—since 2009.