Crowdfunded Cultural Properties

A proposal to purchase Michael Jordan's unsold mansion ($13-14M) through crowdfunding and turn it into a profitable venture. The property would be fractionally owned by investors and transformed into a modern museum experience.

Core Concept:

• Purchase Jordan's 56,000 sq ft Highland Park home through crowdfunding
• Located 20 minutes from Chicago airport
• Property has been on market for ~10 years, price cut from $30M to $13-14M

Funding Structure:

• Crowdfunding Options:
  • 5,000 people contributing $2,500-3,000 each
  • Use Rally Road platform for fractional ownership
  • Makes the asset liquid through smaller tradeable shares

Revenue Generation Options:

• Museum Concept:

  • Create modern, photo-based museum experience
  • Instagram-worthy photo opportunities throughout
  • Interactive exhibits (trying on Jordans, photos in MJ's bed)
  • Similar to Museum of Ice Cream model ($200M valuation)

• Memorabilia Vault:

  • Store rare sports collectibles
  • Partner with collectors to display items
  • Capitalize on sports card boom

Financial Structure:

• Initial Investment: $13-14M for purchase
• Additional $4-5M for setup
• Target Revenue: $5-10M annually
• Comparable to other historical homes (Graceland, Monticello) which generate significant tourism revenue

Location Benefits:

• Near major airport
• In 3rd-5th most populous US city
• Accessible to large tourist market