Daily Record Financial News &
Thursday, December 10, 2015
Vol. 103, No. 019 • One Section
By David Chapman Staff Writer
Doris Goldstein is making sacrifices to move across the country. Leaving the home she’s had for more than 30 years is hard. Leaving friends she’s made along the way will be, too. But those weren’t the hardest parts about leaving Jacksonville. The most heartache came from stepping away from the Downtown Investment Authority board. It was a deep struggle for the attorney who’s spent her career pushing for walkable communities. “It really felt like I was using my skill set and knowledge in a way that nothing else could,” she said. Her husband, Jeffrey, took a job at UCLA Goldstein Medical Center — a great opportunity to return to academic medicine. One simply too good to pass up. That means moving from Jacksonville, the place he grew up in and the two have called home since 1982. It was the DIA board work that kept her here. She joined the board responsible for overseeing Downtown’s path last summer. Since then, her biggest role has been with the Jacksonville Landing. After an initial redesign pitched by the Landing was widely criticized, the DIA board picked Goldstein and authority CEO Aundra Wallace to review and select a Goldstein continued on Page A-3
DVI gala to raise money for project By Max Marbut, Staff Writer
D
ancing, dining and drinking. That’s how to promote Downtown. At least it will be March 19 during Downtown’s Gala: Urban Oasis. The event at the Jacksonville Bank Building at 100 N. Laura St. will be Downtown Vision Inc.’s first fundraising gala since the nonprofit urban core advocacy group was established by City Council in 2000.
“We need an opportunity to celebrate Downtown and the people who support Downtown,” said Jake Gordon, CEO of the organization. In addition to cocktails, dinner and a live band, the evening’s agenda includes live and silent auctions and awards to recognize people, companies and organizations that have supported Downtown programs. “A lot of people are very passionate about Downtown. The goal is to get everyone together — those who are passionate and those who should be,” Gordon said. Another goal is to raise funds for a demonstration project to construct a “parklet” along a busy Downtown street. The idea is to convert a parking space or two near a restaurant, for example, into an attraction for pedestrians. Katherine Hardwick, DVI director of marketing, said the inspiration came from San Francisco, where parking spaces were first converted in 2010. The city now has more than 50 of the Hardwick small urban parks, installed by merchants, neighborhood groups, nonprofits and other organizations. San Francisco’s Pavement to Parks Program helps people who want to build the small public spaces work with agencies such as planning, public works and mass transit for design approval and permitting. The parks provide amenities such as seating, plants, bicycle parking and art, according to a report published by the program. “Parklets reflect the diversity and creativity of the people and organizations who sponsor and Parklets continued on Page A-2
Rule opens up real estate crowdfunding By Carole Hawkins Staff Writer
The “parklet” movement in San Francisco allows construction of public spaces for parks, seating areas and bicycle parking along urban streets. It inspired Downtown Vision Inc. to consider a program for Jacksonville. legal notices begin on page
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Goldstein: Walking away is difficult
Turning parking spots into parklets
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What are the ways to raise money for flipping houses? Turn to friends and family. Get a bank loan. Or … use a crowdfund. It’s a little-known option that’s been done for two years through online platforms like Realty Shares, Realty Mogul and Fundrise. Now, a new federal regulation could generate more crowdfunded capital for real estate projects. Crowdfunding, known by many in Jacksonville through the One Spark festival, has for years been used to accumulate donations for good causes and startup companies. Then, two years ago the Securities and Exchange Commission passed a rule that let businesses use crowdfunding to raise venture capital. That includes capital for real estate deals. Instead of a T-shirt and a thank you, contributors would get stock in a company or ownership in a deal. But, only the wealthy were allowed to invest. Now the SEC has passed a rule that
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