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Resident proposes community-owned grocery and strip-mall; council asks for studies and follow-up
Summary
James (Jimmy) Maven presented a crowd‑equity plan to acquire commercial property and develop a 20,000–30,000 sq ft grocery and strip-mall for Lincoln Heights, proposing thousands of small investors and an initial personal contribution; council asked for market studies, legal structure details and a demonstration visit to a Detroit model.
James (Jimmy) Maven told the Village of Lincoln Heights council on June 23 that he is pursuing a community-owned grocery and strip-mall model — inspired by projects in Detroit — that would keep local food spending in the village and offer community ownership through a crowd-equity vehicle.
Maven described a concept in which roughly 4,000 people would be encouraged to invest $1,000 (or smaller share levels) so the community could acquire a site (he cited Mangum Drive and the existing Wendy’s/Taco Bell sites as targets). "When I did the numbers… it's 25 a little over $25,000,000 a year leaving Lincoln Heights," Maven…
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