A cooperative of listeners
The regulars founded a cooperative in April and sold shares at 250 euros each. With a loan from a regional ethical bank, they raised the 1.4 million euros needed to buy the house on Schleusengasse in August.
Same stage, new rules
The programme stays as it was, with five concerts a week and a free jam session on Tuesdays. What changes is that members vote on the budget once a year, and musicians now get a fixed fee in addition to the door money.
We did not buy a building. We bought the right to keep playing here.
Jonah Pietsch, double bassist and chair of the cooperative
The next steps
The cellar needs a new ventilation system before next summer. The cooperative is looking for another 200 members to pay for it without a second loan.
