The McKnight Foundation is giving $1 million in surprise grants to 10 organizations in honor of George Floyd one year after his murder. The Minneapolis foundation, which announced the unsolicited grants Tuesday, will give $100,000 each to the Minnesota groups working to make the state more inclusive and address systemic justice. Each organization "connects to our vision of a more equitable .
McKnight awards $1 million in surprise grants to 10 Minnesota organizations to honor George Floyd May 25, 2021 7:36pm Text size Copy shortlink:
The McKnight Foundation is giving $1 million in surprise grants to 10 organizations in honor of George Floyd one year after his murder.
The Minneapolis foundation, which announced the unsolicited grants Tuesday, will give $100,000 each to the Minnesota groups working to make the state more inclusive and address systemic justice.
Each organization connects to our vision of a more equitable Minnesota, the type of place that would have sparked and enabled the life of George Floyd, not extinguished it, McKnight President Tonya Allen said in a statement.
Plans call for more than 200 units of housing. The branch has been closed after it sustained significant damage during unrest in May 2020. Burl Gilyard
San Francisco-based Wells Fargo & Co. and Minneapolis-based nonprofit Project in Pride for Living (PPL) have inked a letter of intent to redevelop the heavily damaged bank site near the intersection of Lake Street and Nicollet Avenue in south Minneapolis.
The Wells Fargo bank branch at 3030 Nicollet Avenue sustained heavy damage and was set on fire during the social unrest in May 2020. The bank never reopened. Wells Fargo owns the entire south half of the full city block, a large 2.6-acre site. Wells Fargo issued a request for proposals to developers last fall.
Affordable housing, bank planned for Wells Fargo site damaged in riots
The bank branch was demolished last month after being heavily damaged in the riots last May.
Author:
Adam Uren
Wells Fargo is partnering with an affordable housing nonprofit to redevelop the site of its south Minneapolis branch, which was destroyed in last May s civil unrest.
Wells Fargo on Monday announced it is teaming up with Project for Pride in Living (PPL) and they ve signed a letter of intent to redevelop the site at 3030 Nicollet Ave. S, near the infamous Minneapolis Kmart, which is also slated for redevelopment (though is serving temporarily as a Post Office).
Housing, new bank proposed at Wells Fargo site at Nicollet and Lake Project for Pride in Living to develop building, hire diverse workforce. April 12, 2021 5:35am Text size Copy shortlink:
Wells Fargo will rebuild its arson-destroyed site at Lake Street and Nicollet Avenue with a 200-plus unit residential building, bank branch and commercial space, developed by Project for Pride in Living, the developer-manager of affordable housing.
The 2.5-acre project being announced Monday will be worth more than $50 million, or 10% of the estimated $500 million in destruction to properties in Minneapolis and St. Paul from vandalism and arson in the wake of protests to the death of George Floyd in police custody last summer.