Being a mayor of my city, Long Beach, CA, and having some money left after making planned budget expenses, I would primarily think about the opportunities to invest it into a project, which would bring some income into municipal budget in the future. Long Beach is a known tourist attraction, which every year welcomes thousands of tourists and has highly developed infrastructure for entertainment and leisure. That is why my idea can be the following.
I would find a strong financial partner or partners (not more than 2-3) and offer them to build something like a recreation center. We would find some territory, preferably close to the seashore, construct a small 1-2 stored building and open a spa for offering such services as massage, various cosmetic procedures, fitness services, including facilities for physical training, like gym and swimming pool, and so on. It would be a cozy fitness center, which will definitely find its market in Long Beach due to such competitive powers as affordable prices, advantageous location, various high-quality services and stable reputation.
There are several important reasons why I would choose such way of investing 1 million dollars from municipal budget. First of all, such a center would be a new place for our citizens and, especially, for numerous guests of our city to recreate, become fit and beautiful. Besides, it would have a great social significance for our community, because a lot of new workplaces would be opened for people of Long Beach.
Certainly, in that situation, as a potential investor, I will not be concentrated only on this very idea. I will remain absolutely opened for other interesting investment projects, and if someone offers me another profitable and secure business proposal, I would gladly support it and give the money for its implementation. The main criteria are to receive permanent income into city’s budget and to initiate a project with high social significance, which would contribute into positive reaction of local community on this idea and strengthen reputation of city’s authorities.