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Bistro LeCroy turns to crowds for help in financing repairs - The Galveston County Daily News: Laura Elder's Buzz Blog

October 1, 2016

Bistro LeCroy turns to crowds for help in financing repairs

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Posted: Thursday, August 14, 2014 5:07 pm

Owners of Bistro LeCroy are turning to crowd funding to raise enough money to reopen the downtown island restaurant after an Aug. 8 electrical fire.

They’re also trying to spread the word the restaurant, known for New Orleans-inspired cuisine, is closed, but hope to reopen in about three weeks.

Like many downtown businesses, Bistro LeCroy sustained major financial losses after Hurricane Ike struck in 2008. It took a lot of money and resources to return after that storm.

Recovering from the storm didn’t leave the restaurant much in the way of cash reserves.

And there were more expenses when owners Tommie LeCroy and Barbara Davis made a sizable investment in the eatery when they moved it from the Strand to its 416 21st St. building its in now.

So, they're seizing on an increasingly popular way to raise money fast — crowd funding. Crowd funding using the popularity of social media to spread the word and raise money from a lot of people. 

As of early this afternoon, LeCroy and Davis already had raised a little more than $1,000 with an initial goal of $14,000.

To help out, click here.

Do you plan to contribute? What do you think of crowd funding? Have you used crowd funding for any of your ventures?