Olbrich to offer mini-bonds to public
With Olbrich Botanical Gardens, 3330 Atwood Ave., planning a $12 million expansion and renovation, the city is looking to sell “mini-bonds” to the public in increments of $500 as a way to fund the project.
The mini-bonds allow area residents to support the local attraction and give them a tax-free interest return, according to a release on the city’s website.
Olbrich and the city, which jointly run the gardens, hope to raise $2.1 million by selling the online, tradable mini-bonds on a first-come, first-served basis between Oct. 3–9.
Olbrich Gardens will be adding a new education center and a new, more efficient greenhouse, among other building improvements.