this post was submitted on 29 May 2024
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The 2024 Vancouver Mayor’s Budget Task Force Report recommends selling naming rights and running sponsorship campaigns for Vancouver Assets (bc.ctvnews.ca)
submitted 5 months ago by Kalcifer@sh.itjust.works to c/vancouver@lemmy.ca
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A volunteer-run group tasked by the City of Vancouver to analyze its budget is suggesting the city generate revenue from city assets through selling naming rights and running sponsorship campaigns.

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[–] Kalcifer@sh.itjust.works 4 points 5 months ago

putting a “maintenance of this made possible by sponsorship of xyz” on a plaque makes sense to me. But sponsorship should be a subscription, not a one time payment.

An important thing to add to this, I think, is that it's important that the sponsorship has no final say in the direction, or management of the asset. It should just be treated as an advertising/philanthropic opportunity for the sponsor.

One concern that I do have is over-reliance and dependence on the sponsor. It would not be great to have a situation where the City is beholden to some corporation.