Open Land Developement (OLD)

1. Initial members agree to issue an amount of shares per year for land purchase/rental and an amount of shares to development of the land for use. This amount will be adjusted from month to month according to the rate of expansion and profitability of the project.

2. Each piece of land offered will have an asking price in the form of an amount of shares in the LLP.

3.a. Shares are assigned by initial members to various properties according to members evaluations of viability of the spaces.
3.b. Development shares are assigned to projects, tasks, resources required and finances required.


4.a. Once the amount of shares allocated to their land becomes sufficiently close to their asking price, land owners may choose to put their property into the partnership (temporarily or permanently). On reaching the asking price land owners are contractually obliged to put their property into the partnership for the agreed time period. In return they receive shares in the land development partnership to the value of those which were assigned to their property.
4.b. Developers of all kinds apply to, and are appointed to complete tasks, projects and supply resources and finances. In return they receive shares equivalent to the number that were assigned to the tasks.

5. Shareholders decide how many shares should be issued in the coming month for development and year for property. When rents and/or sales revenues begin coming in they are either reinvested or divided amongst shareholders.

6. If the space is permenantly owned by OLD it is sold to a locally formed open land development LLP.

7. OLD LLP moves on as quickly as possible to the next derelict piece of land. The quicker we sell up the more value we can adding to the shares. OLD LLP aims to develop land and put it into use, however the job of maintaince and long-term management should be outsourced allowing OLD LLP to focus on the high value work.

N.B. This method saves money for the organisation since investment is not raised through debt but equity. By insourcing everything, risk is effectively shared between all participants, giving each an incentive to minimise risk and maximise outcomes.