Financing future communities : Financer les communautés de demain : mécanismes de financement novateurs pour les espaces et lieux urbains

Provincial governments need to better cultural infrastructure funding.1 communicate and adapt regulations to the issuance of small-scale, socially-focused securities, and to explore However, new and innovative finance mechanisms for the possibility of tax exemptions for finance tools such these spaces are emerging, such as crowdfunding, as municipal bonds. [...] EMERGING INNOVATIVE REVENUE GENERATING FINANCE MECHANISMS PROJECTS New and diverse streams of revenue are helpful Revenue-generating projects are those in urban for funding the increasing demand for urban public spaces and places that can be commercialized in spaces and overcoming some of the constraints some way, such as allowing for the sale of goods or of traditional revenue sources. [...] Privatization of million dollars by issuing community bonds, and urban public space undermines the concept of “the has used those funds to purchase several buildings commons” and may be seen as reducing diversity of which house and support social enterprises.19 use and access by the public. [...] For government projects;25 IOBY, a crowd-resourcing example, if an organization issues a community bond platform for citizen-led, neighbour-funded projects and is unable to pay the bondholder the stated in the United States;26 and Spacehive, developed in amount of interest, the difference between the interest the United Kingdom, the world's first Internet-based paid and the interest promised could [...] Engagement to encourage the involvement and contribution brings together citizens, government, businesses, not- of Montrealers to identify issues and prioritize for-profits, community organizations and a variety of actions that may add to the city’s prosperity.