1. LAKE MINNETONKA Julia Casparriello and Lee Copeland

2. A Brief Description Area of 14,000 Acres Ecologically diverse Besides lakeshore residents, Lake Minetonka is frequented by much of the surrounding population Besides aesthetic values, high recreational value to the area

5. The Lake Minnetonka Conservation District determines lake policies responsible for enforcement of policies The LMCD

6. Market Failures Overuse: the side effects –pollution –erosion –milfoil infestation

8. Market Failures Cont. Safety –beach safety –boating accidents speeding intoxicated boaters

10. Market Failures cont. Enforcement and Policing the Lake –Noise Pollution –Sale of boating permits –Provides security to lake users –Controls overuse and safety

11. Policy Options The milfoil problem –high clean-up costs –preventing spread is our focus monitoring public launches –mandating boat-cleaning –imposing fines on violators The overuse problem –Control usage without inconveniencing lakeshore residents –Thus, our focus is on parking

12. More Policy Options Police force is necessary –enforcing policies of the LMCD –maintaining optimal level of benefits received from the resource

13. Bringing Lake Minnetonka to Efficiency