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Free Cycles – Missoula community bike shop Free Cycles needs $80K, guarantor to secure property

A Missoula nonprofit community bicycle shop’s campaign to purchase the property it’s been renting isn’t over yet.

"In essence, we have to come up with that extra $80,000 and a guarantor by Nov. 11 as the absolute deadline," said Bob Giordano, executive director of Free Cycles http://freecycles.org/cyclesofchange. .

Through crowdfunding, extensive community outreach and old-fashioned fundraising, they raised $385,000 by a deadline of July 1. The sum could act as a healthy down payment for a bank loan on the $1.1 million property on South First Street West.

CORY WALSH [email protected]

Full Story: http://missoulian.com/news/local/article_55b3cfe8-f469-5ad5-964a-1a3eac3fbc0f.html

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