I suspect that raising $28M would be one of the easier tasks here; harder tasks would include:
-- Finding 280 people who are committed enough to the cause to move house for it, even if they'd get a less than ideal house to live in for awhile, and who would qualify for a mortgage.
-- Convincing 140 existing homeowners (more than 20% of all existing owner occupied housing, if I'm doing the math right) to sell in a reasonable timeframe so this project doesn't stretch out over decades. You could offer far above market value to induce them to move, as Zuckerberg famously did when he wanted a particular place in SF, but that changes the economics significantly. You'd also likely face non-economic opposition, including possible counter-campaigns, once the plan became known.
-- Fighting the inevitable lawsuits against the rezoning.
Not saying you shouldn't push ahead anyway, but these are things to consider up front how to deal with. Might be useful to look into the history of the Free State Project, which has attempted to do a somewhat analogous thing on a different scale for a different cause.
I suspect that raising $28M would be one of the easier tasks here; harder tasks would include:
-- Finding 280 people who are committed enough to the cause to move house for it, even if they'd get a less than ideal house to live in for awhile, and who would qualify for a mortgage.
-- Convincing 140 existing homeowners (more than 20% of all existing owner occupied housing, if I'm doing the math right) to sell in a reasonable timeframe so this project doesn't stretch out over decades. You could offer far above market value to induce them to move, as Zuckerberg famously did when he wanted a particular place in SF, but that changes the economics significantly. You'd also likely face non-economic opposition, including possible counter-campaigns, once the plan became known.
-- Fighting the inevitable lawsuits against the rezoning.
Not saying you shouldn't push ahead anyway, but these are things to consider up front how to deal with. Might be useful to look into the history of the Free State Project, which has attempted to do a somewhat analogous thing on a different scale for a different cause.