In response to rising community interest in and support for finding a way to secure the purchase, renovation and preservation of the Frank Lloyd Wright-designed A.D. German Warehouse in Richland Center, an evening of meetings open to the public and interested investors will take place at 6 p.m. Aug. 27 at the Richland Center Municipal Auditorium, 182 N. Central Ave.
The Richland Center City Council recently declined to purchase the building and surrounding properties, but expressed support for private or non-profit acquisition and development, said Meegan Thompson, Executive Director of the Richland Chamber & Development Alliance. “The amount of support that has materialized for getting this done now is truly amazing,” she said. “Several people approached me initially saying they would consider offering financial support for the purchase of the German Warehouse, and since then others have come forward indicating they might be willing to help as well.” Many other community members have said they would like to see the property acquired and protected, not only to preserve this important element of Richland Center’s heritage, but as a means to revitalize the community and to foster tourism and economic development, Thompson said.
The structure for the acquisition and management of the properties currently being discussed would have two essential elements, a non-profit, tax-exempt corporation to own and operate the property, and a limited liability company whose members would be willing to make substantial financial investments in the 1915-era German Warehouse. These investments would be pooled together and then lent by the LLC to the non-profit corporation to purchase the properties and get started with the development efforts.
The 6 p.m. meeting will be to inform the public about the history of the German Warehouse, including past efforts and current opportunities to preserve and develop it. The second meeting, starting about 7 p.m., will be for those interested in becoming members of the LLC, Thompson said.
For more information, call 608-647-6205 or contact email@example.com.