Crowdfunding for urban planning - a good idea?
I stumbled on this article about a crowdfunding website for urban transformation (see link). Crowdfunding is becoming more and more popular and the formula used on Kickstarter is now used for urban planning initiatives like improving neighborhoods.
This seems like a very nice and innovative principle: it is democratic, creative, very open and encourages bottom-up action and involvement of stakeholders.
However, I can't stop wondering what the pitfalls are - is it as democratic as it seems; is it good that a part of the responsibilities and initiatives are shifting from (local) government to users and the market?
What are your ideas on crowdfunding in urban planning?