Friday, February 07, 2014

Midway Fund Surpasses Initial $1m Funding Goal

Congratulations to the Midway Fund on raising $1.1 million in the first two weeks!


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We have exceeded our initial fundraising goal of $1 million dollars due on February 5th: Within 14 business days we raised $1.1 million. Many people thought this was not possible - it was.

To close the sale we must raise an additional $1.1 million in investments by April 1.

The sale of Midway Studios threatens to destabilize the arts community that has developed in Fort Point if this live/work space is purchased by a developer who does not have a commitment to the arts. To secure the artistic accessibility and integrity of this important building, the Midway resident artists partnered with New Atlantic Development, a Boston real estate developer with a significant track record in arts-related projects, to present a successful bid to purchase Midway Studios and form a non-profit corporation, Midway Artist Collective, Inc, to own and operate the building. If we are successful, this will bring genuine ownership investment to the residents.
 
 
 
 
To learn more about the project and how to participate, visit:
   http://www.midwayfund.com/


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