Osaka Castle Park is a famous tourist destination, as well as a valuable place for Osaka residents to enjoy recreation and relaxation in a city with little greenery. In order to provide services and generate new attractiveness suited to an international hub of history tourism, PMO operations were adopted at Osaka Castle Park in fiscal year 2015 (FY2015), and since then, various commercial facilities have been built in Osaka Castle Park. Osaka City has stated that adoption of PMO operations improved the FY2019 budget balance by about 200 million yen compared to FY2014 prior to adoption of PMO operations. This research verifies whether there actually was a roughly 200 million yen improvement in the budget balance at Osaka Castle Park due to adoption of PMO operations. First of all, the results showed that, even after Osaka City adopted PMO operations, it bore and still bearing various construction costs including for improvement and repair of playground equipment, paths, and fall prevention fencing. It was found that this type of construction costs were included in the FY2014 budget prior to adoption of PMO operations, but not included in budgets from FY2015 after adoption of PMO operations, i.e., that the budget improvement of about 200 million yen was a result of comparing two budgets with different standards. It was also found that, due to the effects of Osaka City bearing typhoon damage recovery costs and costs for the Ishigaki Stone Wall exhibition project, as well as compensating the PMO operator for losses due to the COVID-19 pandemic, the budget total, including various construction costs from FY2015 when PMO operations were adopted to FY2020, is running a deficit of about 190 million yen. Therefore, in parks where PMO operations have been adopted, it is necessary to conduct correct evaluations using numerical values based on common standards and utilize the results in park policies from the perspective of improving the value of public assets.
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