InterviewSolution
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InterviewSolution
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How Are Concession Rents Determined? |
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Answer» The Department periodically CONDUCTS economic feasibility studies to establish MINIMUM acceptable rents. Most CONCESSION opportunities are offered through a PUBLIC Request for Proposals (RFP) or bid process, which establishes fair market rent for the specific concession opportunity. State park concession rent is paid by a flat rate or a PERCENTAGE of the concession’s gross sales, whichever sum is greater. The Department periodically conducts economic feasibility studies to establish minimum acceptable rents. Most concession opportunities are offered through a public Request for Proposals (RFP) or bid process, which establishes fair market rent for the specific concession opportunity. State park concession rent is paid by a flat rate or a percentage of the concession’s gross sales, whichever sum is greater. |
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