The Media Center Co-op is a real estate and media venture proposed by G1NBC (Global 1 Network Broadcasting Company), which was founded in 1996. The goal is to establish local broadcast and digital media outlets in various communities, serving as a reliable source for local news, shows, sports, and events. The project is designed to address the current lack of trusted, community-focused journalism, which has largely moved to social media platforms.

Building Structure and Function
Each Media Center Co-op building will have a standardized design and size, with the following layout:

• First Floor: A coffee shop or small bistro will occupy the front of the building.
• Lower Back Half of the Building: This space will be the local Hometown station for G1NBC.
• Second Floor: Four apartments will be located on this floor. One of these will be a “luxury apartment” designated for use as an Airbnb.
  Investment and Financial Strategy
  The project will be funded through the issuance of corporate bonds. Here’s how the financial structure is described:
• Corporate Bonds: The money raised from the sale of these bonds will be specifically allocated to the real estate payable for each building.
• Investment Opportunity: Investors who purchase these corporate bonds will receive a discount rate on the luxury Airbnb apartment.
• Acquisition: G1NBC will purchase the buildings from the investors within a five-year period.
  The Role of The GONEN CORP and G1NBC Holdings is the owner of G1NBC, is also described as a builder, contractor, and realtor. This entity will play a central role in the project by:
• Real Estate: Identifying and acquiring the real estate for the Media Center Co-op buildings.
• Construction: Acting as the primary source for the building and construction of the units.
• Investor Management: Individuals interested in investing in the project can work through G1NBC Holdings, which will handle the primary contracts.
  Mission and Goals
  The core mission of the Media Center Co-op and G1NBC is to become the leading local news source for each community it serves. The organization aims to fill the void left by the decline of traditional local journalism by providing a credible and trusted platform for community news and information. The model is presented as a way to create a sustainable media outlet that is physically embedded within the community it covers.

If you like to know more call 540.466.3647 ext 9