In 2012, a successful crowdfunding campaign ran on Indiegogo.com – “Let’s Build a G-ddamn Tesla Museum.” While the group raised the money to purchase a property that was used as Nikola Tesla’s former Wardenclyffe laboratory last year, it took until the end of last week for the non-profit group to successfully close on the purchase of the property. The group raised about $1.7 million through the campaign which included a state grant.
The lab was the site of an early 20th century project to build a transmission tower capable of cross-Atlantic radio communication. One obvious restoration idea is to rebuild the 187-foot wireless transmission tower which was torn down in 1917. The U.S. government thought that it was being used by German spies during World War I.
However, the money used to purchase the property isn’t quite enough to complete the science center. The group is beginning to raise money for the public to learn more about Tesla’s scientific work.
By the way, the campaign was completed in 2012 when Elon Musk, CEO of Tesla Motors, ponied up a big chunk of the money to promote his company’s electric cars.
You can read more about the group’s success at http://www.technewsdaily.com/17954-tesla-lab-purchased-with-crowdfunding.html.
Jonathan Frutkin is an attorney at The Frutkin Law Firm, PLC in Phoenix, AZ. He’s written a new book called “Equity Crowdfunding: Transforming Customers into Loyal Owners” which was published in May, 2013.