ferndaleflyer wrote:
So you think you should be given something I already paid for. Really?
But did you actually pay for it?
Let's take an example: Van Buren State Park in Michigan is a little over an hour from Chicago. It's 400 acres with a mile of prime beachfront that would be packed with weekend 2nd homes if it were resold as private parcels.
If you look at prices nearby, $3-5million houses on half an acre or less are common. Let's be generous and say the land is only worth $100million on the open market.
Do you really think $30/n on a 220 site campground that is only open in the summer is going to cover the cost of amortizing a $100million dollar property along with ongoing staff, maintenance and periodic upgrades?
Assuming 180days at 100% occupancy, it's going to generate just under $1.2million per year. If you had a 0% interest loan, it would take 83yrs to pay off if the staff and maintenance cost nothing. If you assume a modest 4% interest, it would be losing a few million per year before staff and maintenance costs.
Reality is they aren't going to be at 100% occupancy and likely are around break even or even losing money on staff & maintenance.
State parks typically have artificially low prices subsidized by the taxpayer in order to protect that land and provide recreational access to the taxpayer (even those who are not wealthy enough to just waste a reservation).
If you aren't going to use it, it should be returned to the reservation system to allow others access.