Collaborative Capital, a local private club for high-net-worth people, is behind some of the fundraising for the Rock Island Railroad Bridge project, which is creating pedestrian and bike trails, a food hall and event space on the abandoned bridge over the Kansas River.
Founded in 2017, Collaborative Capital hears pitches from young companies in need of capital, and then each member decides whether he or she wants to participate. For those who want to invest, the minimum amount is $100,000 per member.
Collaborative Capital co-founder Mark Meyerdirk said members of Flying Truss LLC, who are developing the Rock Island project, pitched to the group about two years ago and recently pitched again.
The investment from Collaborative Capital members — along with an undisclosed amount of tax-deductible donations from the Greater Kansas City Community Foundation, $2 million from the Unified Government of Wyandotte County/Kansas City, Kansas, and $4 million from Kansas — has the project on pace to open this summer.
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