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.
For all the latest breaking articles on crowdfunding, financial news, and more, see our Born2Invest mobile app. Explore stories and content on a whole range of topics; from business to fintech, biotech, Africa, and much more. Access the Born2Invest mobile apps full range of journalism straight from your phone.
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 The conversion of outdated lighting technology to modern LED lighting has already been completed. Subsequently, the sanitary facilities and the outdated heating system on the north side will be completely renewed.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.
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.
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 Tegernseer Stimme, 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.
Peak growth and inflation: what it means for investors
The last time the Fed announced a plan to taper its $85 billion per month QE program was back in...
Shifting trends noticeable in forthcoming government projects
New green economy trends will result in changes that some industry sectors will find disruptive. However, changes already are underway,...
With demand still low, futures markets have seen better days
Cotton futures were higher for the week with support coming from dry weather in Texas and resistance from weaker demand...
Will Teck Resources (NYSE: TECK), Glencore (OTC: GLNCY), and Slave Lake Zinc (CSE: SLZ) soar with the battery metal boom?
The rapid pace of energy transition has renewed global interest in the mining sector. Zinc, in particular, has often been...
After authorizations, the consolidation of the fintech sector in Mexico will follow
At the end of April, according to information from the CNBV, there were 11 authorized fintech companies, and another 15...
Africa7 days ago
The real estate sector in Morocco is heading for recovery
Cannabis6 days ago
INTA will cultivate cannabis in Santa Fe
Biotech6 days ago
Grifols reduces its profit by 30% in the first quarter of 2021, to 129.9 million
Crowdfunding6 days ago
Open Seed signs a partnership and goes overfunding on CrowdFundMe