The Relationship between Locational Factors and Characteristics of Profit-making Park Facilities Managed by the Private Sector

In 2017, the Urban Park Act was revised and became the Park-PFI system. Its purpose was to reduce urban park management cost and renovate urban parks with profit-making facilities managed by private sectors. However, some projects have suboptimal results because the proposals are influenced by locational factors. Considering the above, this research aims to investigate problems of the Park-PFI system by comparing locational factors and the characteristics of profit-making facilities in urban parks. Surveys of 25 profit-making facilities in 19 parks suggests that land price is a key factor influencing the number and type of applications from private sectors.