PEIÃNITZHAUS, HALLE, SAALE, GERMANY
         
            The reactivation of the Peinitzhaus through community shares         
         
         
         
            Source: PeiÃnitzhaus e.V.         
         
            Keywords: 
               Abandoned Spaces                               | Culture and Heritage                               | Financial Engineering                               | Social Innovation                        
         
            PROJECT DESCRIPTION
            The feature of the project Peißnitzhaus is – besides the registered association – the foundation of a charitable cooperative, using community shares to aquire funds for the rehabilitation of the building.
 
Financing
To finance the rehabilitation of the builing and provide space for cultural and educational activities for families and children a group of people founded the association Peißnitzhaus and a charitable cooperative, using community shares to aquire funds for the rehabilitatio of the building. The charitable cooperative offers cooperative shares of 1.000 € to support the renovation and buying the property from the city. Their “dividend” are the cultural and educational performances at the location. Further income is generated through membership fees of the association, sponsoring, donations, in-kind support and entrace fees for the cultural and educational performances and music events.
 
          
         
         
            LESSONS LEARNED / RESULTS
            Through the different financial resources a new cultural centre has been establised, providiing a cultural and educational programme for families and children, run by the local community. Up to now more than 100 people and companies are members of the cooperative.
          
       
      
      	DATA
         
            
City information
            Population size: 
               101-250 th
            Population development dynamics within the city administrative limits (at the time of the project): 
               Shrinking
            Population development dynamics of the functional urban area (at the time of the project): 
               Shrinking
            Website of the city:
             https://www.halle.de/            
            
Project information
            Project territorial scale: 
               Other specific territory
            Project geographical area: 
               Transitional area
            Project/building proportions: 
               Over 1000 sqm; 
               Project Area: No data/not applicable
            Project main actors:
               Resident association, group, citizens; Cultural, creative organisation, non-commercial private sector; 0               
            Project dominant property ownership: 
               Private
            Project development stage (at the time of description): 
               Completely finished
            Project duration: 
               More than 5 years
            Project starting date: 
               Before 2010
            
            
Project references (web pages, social media or press publications)
               https://cooperativecity.org/2017/08/14/peissnitzhaus/; https://www.peissnitzhaus.de/; https://de.wikipedia.org/wiki/Pei%C3%9Fnitzhaus; https://youtu.be/N3bOGYyAZsU
            
            
Contact Person
               Peinnitzhaus e.V.; info@peissnitzhaus.de