PEIßNITZHAUS, HALLE, SAALE, GERMANY
The reactivation of the Peinitzhaus through community shares
Source: Peißnitzhaus e.V.
Abandoned Spaces | Culture and Heritage | Financial Engineering | Social Innovation
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.
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.
Population development dynamics within the city administrative limits (at the time of the project):
Population development dynamics of the functional urban area (at the time of the project):
Website of the city:
Project territorial scale:
Other specific territory
Project geographical area:
Above 1000 square metres;
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:
Project development stage (at the time of description):
More than 5 years
Project starting date:
https://cooperativecity.org/2017/08/14/peissnitzhaus/; https://www.peissnitzhaus.de/; https://de.wikipedia.org/wiki/Pei%C3%9Fnitzhaus; https://youtu.be/N3bOGYyAZsU
Project references (web pages, social media or press publications)
Peinnitzhaus e.V.; info[at]peissnitzhaus.de