Abby's picture

Lothlorien Housing Cooperative Seeks Help With Repair After Fire

FOR IMMEDIATE RELEASE:

Lothlorien Housing Cooperative Seeks Help With Repair After Fire

MADISON, WI, March 17, 2014 - After a fire last September rendered a popular and historic downtown housing co-operative uninhabitable, community members have created a group called Friends of Lothlorien to reach out for help repairing their home.

Lothlorien is owned by Madison Community Cooperative (MCC), a cooperative organization managing eleven co-operative houses in Madison. At its March 5th board meeting, the board of MCC voted to propose selling the fire-damaged house instead of repairing it, citing a shortfall between insurance payments totalling $392,000, and the expected cost of repairs. The decision would need the approval of two-thirds of MCC membership to go forward. The referendum is scheduled for the week of March 25th.

Lothlorien members are seeking out alternative solutions, guided by the desire to preserve housing diversity downtown while aiming to prove that a fresh look at the numbers, along with independent fundraising and community support, makes repairing feasible.

A recent estimate from Daniels Construction of Madison totaled $554,000, far lower than the $816,920 that MCC maintenance coordinator Michael Carlson originally believed the repairs would cost. Even more money could be saved with the help of the community members who have donated labor. In just two weeks, the Friends of Lothlorien have raised over $23,000 to help repair the house. Lothlorien house members have also committed the house's $38,000 cash reserves at the time of the fire toward the repairs. A tax credit for houses on the historic register, such as Lothlorien, would further reduce the cost of repairs by up to 40%.

Glyphia's picture

Save Lothlorien!

MCC board of directors say that it is too expensive to repair Loth. We think this is an easy problem that can be overcome with the support of the community. There is a meeting today for Lothlorien supporters to brainstorm ideas and figure out how to save our house.

Meeting is today March 2, 2014 at:
Rivendell Co-op
622 N. Hery St.
at 2pm

Hope to see lots of people there.

VIVA LOTHLORIEN!

Glyphia's picture

And then there was Fire and it was not good.

As some may have heard there was a fire at our house this week. Currently all residents are displaced, but We Will Rebuild! Maybe Phoenix co-op will trade names with us. If you want to help out in some way check our facebook page: https://www.facebook.com/lothloriencoop or contact some of the good folks over at www.madisoncommunity.coop

simonft's picture

Rooms Open

There are currently multiple rooms open and available. Contact elvenforest@gmail.com for more information.

Glyphia's picture

Thanksgiving Potluck

Yup Thursday, November 24th, 2011 at 6pm. Bring a dish or beverage to share.