In Colombia, world’s first crowdfunded skyscraper offers investors a share in profits
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Citizens don't often get a say in the major building developments that populate their city, mostly because they are usually funded by wealthy architects or investors. However, we recently saw residents in Copenhagen called upon to determine the construction of a new bridge through crowdfunding, and now the BD Bacatá project in Colombia aims to hand over power to the future inhabitants of a skyscraper by getting them to invest in its development. Those interested in putting money into the project are enabled to do so through what is known as a Figura Internacional de Inversión Inmobiliaria (FiDi), a type…
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