Leslie tries obtaining a large parcel of local land to build a park in honor of the history of Pawnee. When the group arrives at JJ’s Diner, they learn that the diner will be shutting down because of a new owner. Leslie discusses the growth that Pawnee has been experiencing, but laments the loss of some of Pawnee’s charm.
See more: development, gentrification, growth, monopolistic competition, standard of living
The Pawnee Video Dome is failing and going out of business. Leslie is trying to find tax breaks to keep him afloat, but Ron says the market is signaling that the company is not providing enough value to consumers and deserves to fail. If companies provide a social good (like intellectual conversations) then governments may step in and subsidize the production of the service.
See more: bailouts, competition, growth, invisible hand, market exit in LR, positive externalities, product differentiation, role of government, social benefits, subsidies, technology
The city is finally removing an old payphone and has decided to complete Indiana’s tiniest park. Leslie believes this investment will attract 5000 visitors to the city who would want to see the “Smallest Park in Indiana.”’
See more: common resources, government spending, growth, investment, technology
Economics of Parks & Recreation 