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The saga of Intermedia Arts, the Minneapolis multigenre venue that served marginalized communities for decades before running into fiscal trouble four years ago, is coming to a quiet, almost storybook close.
After selling its building near the trendy Lyn-Lake district and paying off debts, the organization donated $1 million to help Artspace, the nonprofit developer, acquire the Northrup King Building as a crown jewel for the northeast Minneapolis arts scene.
Now, for its final act, Intermedia is giving its remaining $1 million to a like-minded Minneapolis arts organization, Public Functionary.
Let me tell you, it s been a long four years, said Omar Akbar, Intermedia s co-president. But this is fantastic news because we were able to preserve some of the value of the organization, rather than have it keep down a path to bankruptcy and a slow, ugly death. ....

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