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Isla Vista Food Co-Op Trying to Buy and Save Long Time Site

The Isla Vista Food Co-Op has a lot riding on its new fundraising drive. If it fails, the long time local store could be history.The co-op has been around since 1972 and is funded by sales, along with a membership fee from its customers.However, the building it leases on Seville road is for sale.The co-op has two choices, buy the site, or face possible eviction from a new owner.The co-op board of directors is trying to raise $225-thousand dollars in about three weeks to come up with a down payment.”But we’re totally happy to take more than $225,000,” said General Manager Melissa Cohen. “Because if we have more of a down payment, our hopeful goal is to decrease our monthly payment for the mortgage because we can then lower some of our prices and run an even better business and a better resource.”The co-op has many fundraisers planned to reach its goal.

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