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Execution of a successful marathon event

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You are the organizer of an established and successful running marathon in a mid-size American city. Your organization receives an RFP from a similarly sized community in a neighboring state desirous of reenergizing its existing marathon race, which has lately experienced decreasing participation and mounting financial losses. The RFP is very basic-the city will provide no cash and take no risk. All revenues, expenses, and risk must be borne by the organizer. How can you establish a partnership with the community that lowers your risk while providing the city with what it needs-the execution of a successful marathon event with no outlay of cash?

Reference no: EM132891741

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