Free Cycles launches online fundraiser to secure $1.1M property
Free Cycles, the community-driven bicycling nonprofit, is entering the second phase of a fundraising campaign to purchase the property it now rents.
The organization needs to raise $1.1 million by May 8 to remain in its current location, where it offers space for people to build bikes free of charge and to learn bicycling and maintenance basics. It also provides an open shop for riders to repair their bikes.
The owner of the property on the 700 block of South First Street West entered into a buy-sell agreement that gave Free Cycles six months to raise the money to buy the property.
"As of now, we've got close to $100,000 in donations and pledges," said executive director Bob Giordano. "Our target from now 'til Mother's Day is $1 million to top it off and make it a $1.1 million successful campaign and buy the two acres in the heart of Missoula to not just secure our small community bike shop, but then to expand social bicycle services for all."
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