Marstel-Day, an international environmental consulting firm based in Fredericksburg, and its client the National Park Foundation have been recognized by the Environmental Business Journal with a Natural Resource Management award for their work in developing an impact investing framework and financing options for national park infrastructure.
The team is working in collaboration with the National Park Service to identify projects that demonstrate park infrastructure priorities, leverage public-private partnerships, attract outside investment, enhance long-term operational efficiency, and create cost savings for NPS.
“A key objective is to marry high-impact projects with innovative financing models,” said Marstel-Day President and CEO Rebecca R. Rubin.
National park holdings include approximately 84.4 million acres of land; four million acres of water; 43,000 miles of shoreline; and 21,000 buildings.
A key goal of the initiative is to assist the National Park Service in addressing infrastructure requirements associated with an $11.6 billion backlog in deferred maintenance.