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Last week, the Lansing Bike Co-op signed a deal to purchase its headquarters on the northwest corner of Leslie and Kalamazoo streets from the owner, the Ingham County Land Bank.
The all-volunteer co-op faced a hard choice when the building went up for sale in June — come up with $40,000, move somewhere else or dissolve.
Earlier this month, an anonymous friend who supports the co-op’s mission came forward with a low-interest loan, according to the co-op’s president, Aaron Fields.
“I was shocked,” Fields said. “This kind of thing just doesn’t happen.”
The first payment is due in six months.
“We’re developing a fundraising campaign now and we’re going to push hard,” Fields said.
The all-volunteer co-op holds five-week classes that range from basic bicycle maintenance and repair to special topics such as bike commuting, bike touring and wheel building, with discounts for low-income cyclists. Classes emphasize hands-on experience, with the goal of “bicycle independence.” Donations to pay off the loan are being accepted at the co-op’s website, lansingbikecoop.org.