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 Article

Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

The Daily Digest - Tuesday

The trade war could cool down the e-commerce boom, Tom Barrack’s firm makes an aggressive bet on tech: Daily digest

Developer Geoff Palmer, longtime Trump backer, hosts presidential fundraiser in Beverly Hills home

Bernie Sanders (Credit: Getty Images)

The Daily Dirt: Is national rent control next?