Obama Budget Backs Tourism, Job-Friendly $1.2B Parks Plan

Law360, New York (March 4, 2014, 4:28 PM EST) -- On the heels of reports showing the National Parks Service's impact on U.S. hotel, restaurant and tourism industries, President Barack Obama on Tuesday proposed to fund a $1.2 billion, multiyear restoration initiative that would create new jobs at the tourism sites and potentially attract more visitors.

In the fiscal 2015 budget sent to Congress, the president proposed to inject $75 million into the National Parks Centennial Initiative in the coming year, and set higher funding benchmarks for the initiative over the four years after that, according...
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