We have heard from many, many member-owners following our special member meeting on April 11th (read more about that meeting here) and we have noticed that we might not have made it completely clear what benchmarks we have to reach by when. Here is what needs to happen by July 1st in order to move forward with our current location, 2352 Dallas Street.
By July 1st we must identify the following subsidies. If we don’t find these resources, we will need to change our location.
— $700,000 in grants/donations
This sounds like a lot, and it is, but it is far from impossible. We have the opportunity to reach out to a number of different entities and get creative. Want to help? Contact board member Carolyn Pace at cmpace02 (at) gmail.com or (208)870-5505.
— $150,000 in rent subsidies every year
This would put our rent per square foot more in line with what other co-ops are facing around the country. Though it’s a big ask, consider that the Denver City Council recently voted to approve a $4 million incentive package for an urban Target to be built on the 16th Street Mall…
We also need to ensure that we will be able to recruit enough member-owners to support and invest in our co-op. This is what we will need before we open, as soon as next year. (Note: these numbers have NOT changed).
— at least 700 more member-owners
— $1,500,000 in investments from member-owners
We do NOT need to get to 1,500 member-owners by July 1st (as was suggested in an otherwise GREAT Denver Post article about us — read it here!) We would like to get to 900 by July 1st, and over 1,000 by the end of 2017. Check out our Volunteer Opportunities page to learn how you can support this effort.
These goals are not impossible if we have strong involvement of our member-owners and supporters. Interested in helping with this effort? Email or call Carolyn Pace, Board Vice Chair and head of the Fundraising Working Group: cmpace02 (at) gmail.com or (208)870-5505.
And for those member-owners who are concerned about the possibility that we won’t get there, we are putting together a working group NOW that will explore other potential locations and partnerships. Email Thomas Spahr at tspahr (at) gmail.com to get involved.
If you have any questions or comments, please email firstname.lastname@example.org.