Public Investment Idea Endowment

by Dave Albersman | Mar 15, 2013
| 3 Comments

Summary:

The “Forever Saint Paul Challenge is a great idea! Why not use the money to perpetuate to solicitation of great ideas. A $1,000,000 endowment could be established to fund competitions to make Saint Paul a better place. It could be tied to existing or prospective public investments for example:
1. Design Competition for New Saints Ball Park
2. How to Reduce Homelessness
3. Ways to Reduce Greenhouse Gas
4. Health Initiatives to Reduce Smoking or Diabetes
5. Public Art
6. How to Make City Hall More Efficient
The recent Upper Mississippi River Front competition and a riverfront design competition sponsored by the Saint Paul Riverfront Board years back demonstrated that for a small amount of prize money can attract great ideas from all over the world.
Public agencies could apply to the endowment board for funding to sponsor competition. The competitions would be completed prior to spending large amounts of public funding to insure that the intended program had the benefit of a multitude of ideas and options.

About You

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About You

First Name

Dave

Last Name

Albersman

City

Minneapolis

County

Hennipen

Country

United States, MN

Website (if you have one)

Albersman&Armstrong

Names of others who helped contribute to my idea

How did you hear about the Forever Saint Paul Challenge?

Newspapre

About Your Organization (if applicable)

Organization Name (if applicable)

Organization Website

Organization Phone

Organization Address

City

Organization Country

United States

Your idea

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Title of your idea

Public Investment Idea Endowment

Give us the highlights of your idea for making Saint Paul great (2,000 characters maximum or approx. 250 words)

The “Forever Saint Paul Challenge is a great idea! Why not use the money to perpetuate to solicitation of great ideas. A $1,000,000 endowment could be established to fund competitions to make Saint Paul a better place. It could be tied to existing or prospective public investments for example:
1. Design Competition for New Saints Ball Park
2. How to Reduce Homelessness
3. Ways to Reduce Greenhouse Gas
4. Health Initiatives to Reduce Smoking or Diabetes
5. Public Art
6. How to Make City Hall More Efficient
The recent Upper Mississippi River Front competition and a riverfront design competition sponsored by the Saint Paul Riverfront Board years back demonstrated that for a small amount of prize money can attract great ideas from all over the world.
Public agencies could apply to the endowment board for funding to sponsor competition. The competitions would be completed prior to spending large amounts of public funding to insure that the intended program had the benefit of a multitude of ideas and options.

Website address (if applicable)

Innovation

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What makes your idea different or unexpected? (4000 characters maximum or approx. 500 words)

The endowment fund would pertpetuate the concept of solicitation ideas on all public investment. Competition have been proven to attract great ideas for a relatively small ammount of money

Impact

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This Entry is about (Issues)

How will your idea make a difference in Saint Paul? (4000 characters maximum or approx. 500 words)

$1,000,000 is not a lot of money to make a difference if used for one project. The endowment would leverage moneys that already are going to be invested and make them better.

Sustainability

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Why do you think people will recognize or remember your idea after it comes to life? How might it inspire others to do something similar in their community? (4000 characters maximum or approx. 500 words)

The endowment by it very nature is sustainable. Only the investment income would be used to fund comopitions

llhjl hlhj said: Trust is the key word there you cannot make a deal if you do not trust the person. - Nationwide Relocation Services about this Competition Entry. - 2536 days ago read more >
lee neal said: This is great! Thanks for the tips! Adult Ceremony DressI would like to thank you for the efforts you have made in writing this article about this Competition Entry. - 2540 days ago read more >
Scott Schuck said: Great idea for leveraging impact of the initial $1 Million. Foundations might then allocate grants to some of these potential ideas. ... about this Competition Entry. - 2874 days ago read more >

Dave Albersman updated this Competition Entry. - 2875 days ago

Dave Albersman submitted this idea. - 2875 days ago