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7,500 Strangers Just Bought A Crumbling French Chateau Together
Key Excerpts from Article on Website of NPR
Posted: December 17th, 2017
https://www.npr.org/sections/thetwo-way/2017/12/05/568594889...
Crowdfunding has been used to finance films, board games, classical music, scientific research and infertility treatments. Add this to the list of things bought with collective purchasing power: A chateau in the French countryside, complete with moat. The platform used to raise the funds announced on Friday that the castle had been purchased by milliers d'internautes that is, thousands of Internet users, who each paid at least 50 euros (about $60) to "adopt" the chateau and help restore it. In just 40 days, the site raised the 500,000 euros it needed to buy it. "It's done, it's historic!" [the announcement] said. "The Chteau de la Mothe-Chandeniers now belongs to thousands of Internet users. Through this collective purchase, we believe in the preservation and development of the heritage of tomorrow and prove that civic strength is always the greatest." The chateau dates to the 13th century, and it was looted and abandoned during the French Revolution. In 1809, a rich Parisian entrepreneur bought and restored it. In March 1932, a fire broke out, destroying the roof and causing the chateau to be abandoned once more. Sadly, a suite at the castle is not part of the deal for the thousands of donors, though a gift of at least 60 euros (about $71) gives each patron a membership card and "access to part of the castle." The real gift, the campaign explains, is that patrons can become investors in a company that will own the castle, and "collectively decide its future."
Note: Don't miss video of this amazing abandoned castle at the link above.
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