Ever wonder what buildings and or structures were crowdfunded? Some structures might be more familiar to you than expected. The following is a collection of crowdfunded buildings and structures that are listed from least to most amount of capital crowdfunded.
Five Real Estate Crowdfunded Structures
1)The Tesla Science Center
The Tesla Science Center at Wardenclyffe, New York, USA also known as Friends of Science East, Inc. is the original site of Nikola Tesla’s Long Island Laboratory which was built-in 1902 and consisted of 200 acres. Tesla’s idea was to have Wardenclyffe as a main location for a worldwide system of 30 Wireless plants. The plant would be used to send various messages, media content and broadcast electrical power. As of recent years the building is being converted from the facility to a science center and museum. Today, this location is dedicated to science and education. The total amount of money raised through crowdfunding methods is $2,700.
2)The Statue of Liberty
The Statue of Liberty itself was a gift of friendship from France to the United States in the 1880s. It is acknowledged as a symbol of freedom and democracy. It sits on Liberty and Ellis Island located in the Upper New York Bay. This location had much significance during the late 19th and early 20th centuries because major influxes of immigrants came into the United States through Ellis Island. After much effort in the summer of 1885 and response from 160 thousand committed donors, $250,00 was collected. Today, $250,000 is actually worth around $6,651,505.82. In order for this pedestal to be funded 160 thousand people donated money to complete this project. As of 1924 The Statue of Liberty was declared a National Monument. Today this monument is managed and maintained by the National Park Service.
3)The Gut Weißenhaus
The Gut Weißenhaus, Schlesqig-Holstein, Germany. It is located next to the Baltic Sea and about 62 miles (100km) away from the city Hamburg. The Gut Weißenhaus is a combination of historic buildings the earliest dating back to the 1550s and was recently made into a luxury resort containing the restaurant Courier which was awarded a Michelin star in 2015. In 2015 the total amount of money raised was €7,500,000 which is $8,246,100.
4)St. Patrick’s Cathedral
St. Patrick’s Cathedral, New York, USA. It is located in Midtown Manhattan on the east side of Fifth Avenue between 50th and 51st streets. The current day cathedral can hold up to 3,000 people. Back in the year 1853, Archbishop John Joseph Hughes had plans of forming a cathedral to replace the Old Saint Patrick’s Cathedral which is located further downtown. The estimation for this white marble, Neo-Gothic-Style new design was $850,000. With inflation that would convert to $26,562,5200 today. This cathedral and associated buildings were declared National Historical Landmarks in 1976.
5)The BD Bacatá
The BD Bacatá, Bogotá, Colombia is the world’s first crowdfunded skyscraper. It stands “as the new icon of the renewal of downtown Bogotá.” Nearly 30 years have gone by since a skyscraper was constructed in Colombia. The BD Bacatá is the tallest structure in Colombia consisting of 67 floors in the South tower and 56 floors in the North tower. The skyscraper is also known for being the second tallest in South America. Around 3,800 people invested in this structure and raised more than $170 million.
As the crowdfunding industry grows so will the amount of projects that are crowdfunded. Keep your eyes open because you never know, one of your favorite buildings could be crowdfunded!
Photo Credits: Wolpin, Stewart. “Here Comes (Finally!) the Damn Tesla Musem. “The Huffington Post. TheHuffingtonPost.com, n.d. Web. 02 Dec. 2016.
“File: Statue of Liberty, NY.jpg. “Wikimedia Commons. N.p., n.d. Web 2 Dec. 2016.
“Die Farver Muhle.” Muhle Farve- Schloss Weissenhaus. N.p., n.d. Web. 02 Dec 2016.
“St. Patrick’s Cathedral – Holy Year Of Mercy. N.p., n.d. Web. 02 Dec. 2016.Â
“BD Bacata Sito Oficial.” BD Bacata Sitio Official. N.p., n.d. Web. 02 Dec. 2016.