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They want to put federal land up as collateral for loans. Instead of just issuing debt in the government's name, they want to get lower interest rates by putting up US land as collateral. And when they manage the government right into default, the bankers will take possession of all national parks and federal land. That's what 'monetize' means. It means put up as collateral.
What bank in their right mind is going to take that bet? They'd be gambling that when the government defaults, we wouldn't have some ass-clown in office with a penchant for welching on contracts.
You're looking at it backwards:
They're going to give public lands to themselves and their friends with this mechanism.
The problem is there's a very real risk the American people will view the move as illegitimate and prevent the land from being taken in the future, ie under a new admin that jails trump or something. The point of collateral is to reduce risks, not introduce new and exciting ones. Nobody is going to accept lower rates on this unless the aforementioned quid pro quo is real, in which case the deal is already illegal and the downside risks now include prison.
Yes this is idealistic, but the threat is still real and that's how finance people calculate interest.
If we had an opposition party that wasn't comatose, it would be announcing that any debt purchased under this scheme would not be honored once Trump is out of office.
What the hell is a bank going to do with Yosemite National Park?
Imagine Yosemite National Park.....with an HOA!
Raise ticket prices to. $180 pp, build a hotel and conference center, install a theme park, cobalt mining.