Can crowdfunded property turn rundown neighbourhoods around?


A space along West Jefferson Boulevard in Los Angeles redeveloped through a crowdfunded campaign by Fundrise. — Handout photo by Fundrise via Thomson Reuters Foundation

WASHINGTON: When residents of a quiet neighbourhood in Washington D.C. heard their century-old corner store would be shut down and sold, they reeled in disbelief for a few days – then went all out to save it.

“It’s always been here,” said Christine Campbell, 57, a third-generation resident whose home is just down the street from Mott’s Market.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Crowdfunding

   

Next In Tech News

Evolution of smartphone damage: From drips to drops
Are you tracking your health with a device? Here's what could happen with the data
US judge rejects SEC bid to sanction Elon Musk
What's really happening when you agree to a website's terms of service
Samsung ordered to pay $118 million for infringing Netlist patents
Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with another $4 billion
Factbox-Who are bankrupt Northvolt's creditors?
UK should use new powers to probe Apple-Google mobile browser duopoly, report says

Others Also Read