Long Live the Isla Vista Food Co-op!

October 15th, 2012

Isla Vista Food Cooperative
6575 Seville Road  Isla Vista, CA 93117

How to Get the Word Out?
1)      Forward the Email below to your listserve
2)      RSVP on  the facebook page: http://www.facebook.com/events/264889910298121/ and promote the facebook on your student organization’s facebook page

  The Isla Vista Food Co-op was alerted to the impending sale of our property, our home for the past 32 of our 40 years, about a month ago. We were given the first option to purchase, with 10 days to decide before the owner placed it on the market. Though our current lease goes until December 2013, we decided that rather than risk the property being sold to a buyer without an interest in keeping us as a tenant, that the best possible option for the Co-op to secure our future in Isla Vista was to try and accomplish purchasing our property.

As of today, due to our stability as a business that’s also showing growth, we have all but secured financing from several cooperative lending institutions. In order to receive our needed financing, we must come up with a down payment on the loans. We have roughly 30 days in order to raise the needed capital, about $400,000. Though the Co-op is an extremely stable and healthy business, we don’t have that kind of money in our reserves.

Thus, Project We Own It was born. Because of our long-standing history as a ripple-effect business that’s spent over 40 years helping educate generation after generation of Isla Vistan’s about how to be more conscious consumers, we have decided that the best way for us to accomplish this mission is to take it to the community.

Monday night (October 15th at 7pm at the Food Coop) we are hosting our first Project We Own It Community Meeting. This is a critical meeting, the first chance for you to hear how we hope to accomplish this project, and how you can be part of history. We need to mobilize as many supporters of the co-op as possible so that we can hit the ground running. This little co-op by the sea has been a resource for thousands of community members, student groups, organizations, and schools over the years… now it’s time to secure it as a resource for the thousands that are yet to come.

If you can come, please RSVP on  the facebook page: http://www.facebook.com/events/264889910298121/  

In Cooperation,
Melissa Cohen
General Manager
Isla Vista Food Cooperative
6575 Seville Road  Isla Vista, CA 93117