Crowdfunding Fans Are Crazy About Denver’s Mini-Bonds – Next City

Another way to address infrastructure issues in Lake Worth? Not sure about all the details, but this article is of interest in light of the process we just went through with the ballot issue for a general obligation bond. Click title for link.

Two types of $500 bonds were sold: A nine-year bond will mature 50 percent to $750, and a 14-year bond will mature 100 percent to $1,000. The money has been earmarked for recreational and cultural facilities, like the restoration of the McNichols Building, a historic building in Civic Center Park that will be re-opened as an event center.
Better Denver passed as a ballot initiative in 2007. That year the city sold $8 million in mini-bonds over the course of a week. Kennedy attributes the feverish excitement this year to the online ordering system: “Back [then], we didn’t have the online capacity. People had to visit the bank or mail in their orders. This time around people were sitting at home on their computers at 8 o’clock in the morning and those orders came in very quickly.”