Crowdfunding campaign buys private beach for the public
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Crowdfunding has made projects big and small possible — the peer-to-peer financial model has broadened access to monetary support and enabled entrepreneurs to realize their aspirations. On the coast of the South Island of New Zealand, Awaroa Inlet is set to become the latest public beach, and it was all made possible through 40,000 public donations. Previously owned by a private businessman, the half of a mile of beach front had been open to the public. Due to financial reasons, the owner put the beach up on the market, resulting in the public fearing that the next owner will not…
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