It’s not uncommon to have less than ten new parks being built per year. Most of today’s major Cities will no longer allow permitting, proper zoning and legal restrictions for parks to be developed. Thus, creating a limited supply and giving you less competition than other asset classes. In the rare instances you able to build a park, the cost of developing one could be over $500,000 depending on the size. You are responsible to install all of the electrical, water and sewer. The cost of this may be well over $5,000 per space. Lastly, you have an empty park and would need to fill it up with
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