Tesla fans power L.I. lab sale

Online fundraising brings in $1.1M to save historic property

TRD New York /
Aug.August 27, 2012 01:00 PM

Electricity is in the air after Seattle-based internet cartoonist Matthew Inman successfully raised $1.1 million in little more than a week to save inventor Nikola Tesla’s Shoreham, N.Y. laboratory on Long Island. According to Businessweek, Inman, of theoatmeal.com fame, posted a funding plea on the crowd-funding website Indiegogo on August 15 after learning of an $850,000 matching grant through New York State.

For years Nikola Tesla’s Wardenclyffe Tower in Shoreham, designed by Sanford White, has been a source of contention between the site’s owner, AGFA Corporation, which wants to sell the site, and historic preservationists, who want to found a museum on the property. Now it seems that followers of the eccentric electrical pioneer’s groundbreaking discoveries will finally have their day.

“I was blown away,” Jane Alcorn, president of Tesla Science Center at Wardenclyffe, said. “I kept refreshing the page and refreshing the page and the number kept going up. I went to bed after 1 [a.m.] that night, but I didn’t really get any sleep, to be honest.”

The property is currently asking a negotiable $1.6 million, according to John O’Hara of Corporate Realty Services who is representing AGFA in the sale. This is only the latest New York property to benefit from crowd-funding websites, which are becoming increasingly influential in the real estate market. [Businessweek] – Christopher Cameron


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Ghislaine Maxwell and her New Hampshire estate (Getty, Greg Bruce Hubbard)

Ghislaine Maxwell was hiding out in a rural New Hampshire estate when she was arrested

Ghislaine Maxwell was hiding out in a rural New Hampshire estate when she was arrested
Amancio Ortega (Getty)

Spain’s richest man owns $17B in real estate

Spain’s richest man owns $17B in real estate
Juno CEO Jonathan Scherr and a rendering of the project 

Former Apple and Tesla employees launch mass production development company

Former Apple and Tesla employees launch mass production development company
Mayor Bill de Blasio (Getty, Wikimedia)

Landlords challenge city laws protecting non-paying businesses

Landlords challenge city laws protecting non-paying businesses
(iStock)

Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims

Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...