The initiators of the pump track facility in Olten’s Kleinholz, Switzerland, have raised more money than expected. But the project is not yet secured. A total of up to $489,000 (450,000 francs) is needed.
The crowdfunding for the pump track facility in Olten’s Kleinholz was a success, as the initiators write in a statement: In 60 days, 381 supporters contributed a total of $61,800 (56,856 francs.) This proud sum exceeds both the expectations and the goals of the initiators of the project, it continues.
“We are totally happy with the result and really overwhelmed by the support for our project,” co-initiator Dominik Hug is quoted as saying in the press release. The financing goal had been set high and one had not dared to hope to crack the $54,300 (50,000 francs) mark. “The great support from the population confirms once again how much a pump track facility is wanted in Olten,” Hug summarizes the successful crowdfunding on the Lokalhelden platform.
In addition to financial support from 380 people, the sponsors of the pump track project were able to recruit 23 helpers. Inspired by the positive outcome of crowdfunding, work on detailed planning is currently in full swing.
Read more on the subject and find the latest business headlines with the Born2Invest mobile app.
It is clear that there will be three tracks:
In addition to the actual pump track, a kids’ track will be created for the little ones and beginners, as well as a dirt/jump line for ambitious riders. In this way, the sponsors will ensure that all roller sports enthusiasts have an optimal basis for practicing their sport.
“The timetable is right, and we hope to be able to break ground in late fall,” says co-initiator Mario Schmuziger with conviction. In order to raise the necessary funds of $435,000 to $489,000 (400,000 to 450,000 Swiss francs), the sponsors continue to rely on sponsorship from the business community. Numerous talks are underway. The project team is confident that it will be able to work out viable solutions in cooperation with regional and local businesses, it says. When construction work starts in the fall, there will be nothing standing in the way of opening the facility in spring 2022.
For planning and construction, the initiators have secured the services of the company Vast Trails. The next step will be to define the design details to such an extent that the corresponding building applications can be submitted to the city administration.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Oltner Tagblatt, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why the Cannabis Industry in New York Run Into Difficulties
As per the Cannabis Growers Alliance, potential losses could reach millions in New York. While over half of U.S. states...
Winelivery Aims to Raise €3.5 Million to Expand Bar&Enoteca Line and Acquire a Media Company
Winelivery will use the capital from the collection to expand the Bar&Enoteca business line, which currently has four owned premises...
Science Finances the Development of an Infrastructure for Advanced Therapies in Spain with €45
Embedded within the Strategic Plan for Economic Recovery for Vanguard Health, this initiative is funded through the Recovery, Resilience, and...
COP28: African Leaders Call for Financing for the Continent’s Adaptation to Climate Change
Addressing the Adaptation Finance for Africa Summit African leaders emphasized the urgent need for an increase in climate adaptation finance,...
ESG Investing Is About Getting It Right Over the Long Term Without Losing Profitability
There are many aspects that condition the selection criteria in ESG investment, such as the environmental or social dimensions, without...
Cannabis2 weeks ago
The Illegal Cannabis Market in Europe Reaches €11.4 Billion
Impact Investing5 days ago
Why the Carbon Credit Market Is Not Working
Biotech2 weeks ago
Why Bayer Sinks a Staggering 21.3% on the Frankfurt Stock Exchange
Cannabis1 week ago
Germany Plans to Legalize Home Cultivation and Possession of Cannabis as of April 1st, 2024