For those of you who caught my original post about Jerry Paffendorf’s Loveland – he’s since been featured on NPR as well as announced he’s coming out with Loveland Season 2 Pre-Game: The Legend of the Ghost Inches which means, in plain english,

The second property hasn’t been purchased yet, so Jerry calls the investments “ghost inches.” When you purchase an inch, you get a nice little deed package containing a magnifying glass to better survey your territory. The little money from deed sales goes back into the project. He also hopes to use the “profits” to provide microgrants to other innovative urban development projects in the city.

Again, I’m a fan of this quirky idea. I only wish the property being inch-auctioned off was the glorious ruins of Michigan Central Station. Then again, would having tons of micro-investors help the historical site fare any better?

I’ll be curious to see how, and if, the micro-investing concept evolves. What kind of steps will micro-owners take to develop their tiny plots, if any? Or will it be just a novelty like when your high school boyfriend bought a star and named it after you? (Yes, there is a star out there with my name on it, I even have the coordinates.)