Future of the Kmart Site

Report Summary: The City of Minneapolis, having reacquired the 10-acre site at the junction of Nicollet Avenue and Lake Street in South Minneapolis, aims to reconnect Nicollet Avenue and explore redevelopment options that benefit the existing socioeconomically and culturally diverse community. The panelists were tasked with recommending strategies to mitigate displacement pressures while capturing positive impacts for existing stakeholders. They analyzed displacement pressures, studied successful strategies from other developments, and assessed the potential positive impacts of new development. They also explored wealth creation opportunities for low-wealth individuals and communities near the study area.