$4.5 MILLION CAMPAIGN GOAL
October 15, 2018
Wisconsin Preservation Fund c/o Bruce T. Block
Address 1000 N. Water St, Suite 2100 Milwaukee, WI 53202
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Strengthen entrepreneurship by supporting diverse small business owners and providing mentorship and support
Restore an important main street to a vibrant commercial center that offers restaurants, services and cultural opportunities for families
Create 75+ jobs that provide opportunities for residents and young people to gain work experience
Promote healing and growth in Sherman Park by creating an inclusive and healthy community space
SOURCES OF FUNDS
The majority of the funding for the project will come from philanthropy. Sherman Phoenix has partnered with the Wisconsin Preservation Fund in order to enable charitable contributions that help level the economic playing field for a project that would otherwise be economically infeasible.
The development team has raised equity from a small number of lead angel investors and nearly 50 local investors at smaller investment levels with an emphasis on local community participation.
A limited amount of debt has been secured on very favorable terms to support the reconstruction of the building.