Food Coop
Live & Grow Food Cooperative:
Each Live and Grow Community will consist of a number of year-round greenhouses, elongated and south-facing, each back-to-back with a row of 16 modern “Harvest Homes” facing North. Each 100m (328 feet) long greenhouse will have 10,750 ft2 of year-round growing area. Our goal is to generate revenue of $100 per ft2 of growing space annually from the greenhouses under a resident-owned cooperative structure, using a combination of advanced growing technologies, onsite food preparation, and branding.
With resident participation, our goal – which we believe will be achieved by year 2 – is to generate a net profit of $580,500 per greenhouse, or $30,816 per participating household. This would contribute over $2,500 monthly (“negative condo fees”) to household pre-tax income - plus abundant healthy food for the consumption of familires and friends. In many cases, we believe this will enable residents to pay off the mortgage on their Harvest Home over time, and enable community participation by many who may have given up hope of owning a home in and around the GTA.
How will we achieve this lofty goal?