Crowd-invested placemaking… the next stepPosted: August 1, 2012
By Neil Takemoto
Published: August 1, 2012
Sustainable Cities Collective
What is crowd-invested placemaking and why is it the next step?
This site is all about crowdsourced placemaking; sourcing crowds to make extraordinary places, and to see that in action, check out the CSPM Group. The next step is allowing the crowd to contribute financially to see their visions come to life – crowd-invested placemaking. Crowd-invested placemaking actually wasn’t legal until April 5, 2012, with the passage of the JOBS Act (Jumpstart Our Business Startups) to allow crowdfunding with a return on investment. Up until then, you could crowdfund things, like on Kickstarter and dozens of other similar services, but you couldn’t expect a financial return.
With crowdfunding, people contributed financially to something that provided a social and meaningful return, something they could share with friends and family. With crowd-investing, they can get a financial return as well. With crowd-invested placemaking however, people can see their contributions manifested in an entire building or block, an entire business or main street of businesses, revitalizing an entire neighborhood. When combined with others looking to do the same thing, this is true community investing.