Nov 21, 2012
Crowdsourcing as funding solution for neighborhood revitalization?
A recent Atlantic Cities Blog posting (http://tinyurl.com/cw6vdsj) delved into a fascination discussion of the potential for micro-investors to upend traditional real estate financing models and incentivize local participation in redevelopment. Dan and Ben Miller of WestMill Capital are experimenting with a ground-up model intended to encourage stakeholders to directly fund, and benefit from, neighborhood revitalization. Their project at 1351 H Street North East offers a alternative as well as a window into how the Internet could be used to disrupt, and have a positive effect, on traditional investment strategies.
