The members of Glassworks Village Co-operative in Owen Sound have put their money where their dreams are and raised more than $630,000 in investments with their backs against the wall to stop the sale of a 46-acre property in Owen Sound’s industrial park.
With a mortgage coming due on Feb. 10, 2024, and an assessment earlier this year valuing the land at $1.1 million, the Glassworks board voted in October to sell – but the members doubled down.
The group’s investment goal of $363,000, the amount needed to pay off the mortgage, was quickly exceeded with a final total of $636,000 raised.
“People stepped up,” Stevens said. “I think people underestimated the strength of the community.”
Read the rest of the Owen Sound Sun Times article here: https://www.owensoundsuntimes.com/news/local-news/glassworks-raises-over-600000-in-under-two-months-to-stave-off-sale-of-property
Visit Glassworks Development Co-operative’s website here:
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