Yosemite Franchise Fee Raised To 11%

Franchise fees of up to 11% will be charged to the new operators of MCA’s Yosemite Park & Curry Co., which was sold to the National Park Foundation as part of Matsushita Electric Industrial Co.’s $6.13 billion buyout of MCA.

Under MCA, the fee paid to the National Park Service has been 0.75%. Conservationists have long criticized the low fee. The new 11% fee will take effect in 1993 when the contract with the National Park Foundation expires.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading