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TEV Miesbach hopes to reach their crowdfunding goal

TEV Miesbach is an ice rink in Liechtenstein that needs renovation. The club has turned to a crowdfunding campaign. The club requires financial support as the renovation costs are $649,091 (€590,000). TEV itself has to lift $285,910 (€260,000) while governmental grants are covered by $362,730 (€330,000). To take part in the campaign, contributors have to register on a website.

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This picture shows some people playing hockey.

Raiffeisenbank is leveraging the power of crowdfunding to support regional projects in Oberland, Liechtenstein. TEV Miesbach is now also taking part in the crowdfunding campaign named “Many can do more.” The club is planning a rennovation of its ice rink. The plan will drastically reduce energy consumption and CO2 emissions.

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Ice rink renovation crowdfunding campaign

It is a big step that TEV Miesbach is taking. The renovation of its ice rink, built-in 1986, will cost around $649,091 (€590,000). The club is dependent on financial help for this.

This is not the first time in recent years that TEV has been dependent on donations. Among other things, the roof construction had to be renovated in 2014 and fire protection had to be improved in 2016. The trigger for the refurbishment is the energy costs, which are continuously rising. Over the past ten years, the costs have doubled. At present, energy-related maintenance costs are just under $110,005 (€100,000) per year.

Seven steps towards the refurbishment

This refurbishment is to take place in several construction phases. The conversion of outdated lighting technology to modern LED lighting has already been completed. Subsequently, the sanitary facilities and the outdated heating system on the north side will be completely renewed. The extremely energy-consuming, electrically regenerated sorption timber drying hall will be replaced by sorption drying with regeneration from the waste heat of the cooling process for ice production. The inefficient heating system and hot water supply, as well as the sanitary facilities in the south, will also be renewed. Finally, all energy systems in the stadium will be completely automated.

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The association focuses on the reduction of CO2 emissions and will be reduced by 150 tons of carbon dioxide per year. The total value is $649.091 (€590.000), of which the TEV has to lift $285,910 (€260,000). Grants from the federal and state governments cover $362,730 (€330,000). The city has laid the foundation stone with an annual subsidy of $175,870 (€160,000). The rest is to be raised through fundraising campaigns such as crowdfunding at the Raiffeisenbank.

How to become the donator of the crowdfunding campaign

This is how the crowdfunding campaign works. You can find the project on the Raiffeisenbank homepage. Within 2 weeks TEV Miesbach has to reach 100 fans, who register on the homepage. If the project does not reach the required fan base, the project is canceled. Afterward, in a three-month “financing phase,” enough donors have to be found to reach the donation target of $16.490 (€15.000). If this amount is not reached, all donors get their money back. Those who registered before as fans do not have a need to appear once again as donors.

All donors receive a thank you from TEV

Raiffeisenbank in Oberland is also participating with up to $2.748 (€2.500) per project. All donors who donate $110 (€100) or more will receive a special thank you from TEV Miesbach.

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(Featured image by Джерри Ю via Unsplash)

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First published in Tegernseer Stimme, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.