Shakori Hills only exists because or your support. With help from hundreds of contributors, our down payment goal of $75K was reached in 2013 after a three-year campaign.
As a joint venture Shakori Hills Community Arts Center (local non-profit benefiting NC that hosts the Shakori Hills GrassRoots Festival) and Fingerlakes GrassRoots Festival (Trumansburg, NY based non-profit that produces the four seasons of GrassRoots Festivals series) organizations completed the purchase on December 10, 2013.
The land purchase is particularly significant in terms of community-building because of how it was funded – a bank was never approached. Since it’s inception as “Shakori Hills,” two different supporters, Anne Winfield and Robert Michener, have owned the land, essentially holding it while the money was raised to pay for it. Once the downpayment was raised, Carol Hewitt, a longtime volunteer and organizer at Shakori Hills, and founder of Slow Money NC assembled a group of more than 30 individual lenders to cover the remaining $620,000. This group of lenders acts as a bank for this “community mortgage,” and will be repaid with a competitive interest rate over ten years.
All donors who contributed to the “Buy-the-Farm” Campaign will be commemorated with a promised art installation this May, 2016, during the GrassRoots Festival. The Bridge of Souls commemorative ceremony will be Saturday, May 7th at 1:30pm.