ULI Minnesota: Funding Model Exploration Case Studies
Cap at Union Station and EastPoint Development
This was a presentation of case studies (the Cap at Union Station and the EastPoint development) as part of a series of workshops focused on building multifaceted 4P funding model - an approach that ties people, private business, the public sector and philanthropy into the building of an African American cultural enterprise district in St. Pauls Rondo neighborhood. This work is a key partnership of the Urban Land Institute Minnesota and Reconnect Rondo. The outcome is to identify ways to support restorative development that incorporates local ownership and equips the community with tools to negotiate investment and receive direct and indirect benefits from future infrastructure and land use development in Rondo.
Key components of the work will result in:
- Shared understanding of the needs and expectations of the community, informed by the community benefits workshops happening in early June 2021
- Shared understanding of developers’ and investors’ expectations for sustainable, successful investment
- New partnerships with alignment on the conditions and parameters needed for successful redevelopment with equity and community ownership at its core
- Funding finance model for land, bridge, real estate development, business and program activities
This event is presented by Hack The Gap that facilitated the effort is a part of the Curtis Infrastructure Initiative to build capacity to reconnect divided communities—physically, socially, and digitally. Learn more.
Video Summary: This was a presentation of case studies (the Cap at Union Station and the EastPoint development) as part of a series of workshops focused on building multifaceted 4P funding model - an approach that ties people, private business, the public sector and philanthropy into the building of an African American cultural enterprise district in St. Pauls Rondo neighborhood. This work is a key partnership of the Urban Land Institute Minnesota and Reconnect Rondo. The outcome is to identify ways to support restorative development that incorporates local ownership and equips the community with tools to negotiate investment and receive direct and indirect benefits from future infrastructure and land use development in Rondo.
Key components of the work will result in:
- Shared understanding of the needs and expectations of the community, informed by the community benefits workshops happening in early June 2021
- Shared understanding of developers’ and investors’ expectations for sustainable, successful investment
- New partnerships with alignment on the conditions and parameters needed for successful redevelopment with equity and community ownership at its core
- Funding finance model for land, bridge, real estate development, business and program activities
This event is presented by Hack The Gap that facilitated the effort is a part of the Curtis Infrastructure Initiative to build capacity to reconnect divided communities—physically, socially, and digitally. Learn more.