PEIßNITZHAUS, HALLE, SAALE, GERMANY

The reactivation of the Peinitzhaus through community shares
Underused buildings | Financing
Source: Peißnitzhaus e.V.
Source: Peißnitzhaus 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 of the administrative city (at the time of the project): no data/not applicable
Population development dynamics of the functional urban area (at the time of the project): no data/not applicable
Website of the city: no data/not applicable


Project information

Project territorial focus: no data/not applicable
Project geographical area: no data/not applicable
Project type and size: building: no data/not applicable; area: no data/not applicable
Project main actors: no data/not applicable; Cultural, creative organisation, non-commercial private sector
Project dominant property ownership: no data/not applicable
Project development stage (at the time of description): no data/not applicable
Project duration: no data/not applicable
Project starting date: no data/not applicable


Project References

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