Rondo 4P Funding Model: A Pathway Leading to Restoring A Community Lost Through Federal Highway Investments
In June 2021, Urban Land Institute, in partnership with ReConnect Rondo and powered by Hack the Gap, hosted the “4P Funding Model Exploration,” a virtual hackathon, over three weeks to develop innovative and restorative financing models for the construction and operation of a land bridge over I-94 in the Rondo neighborhood of Saint Paul, Minnesota. The Rondo land bridge serves as a center for a reignited and revitalized African American cultural enterprise district—a means to rebuild and reclaim the legacy of Rondo. This opportunity encouraged participants to develop a financing model that is sustainable and restorative for the local economy and, in particular, African Americans. The goal of the model is to both restore what was lost during the construction of I-94 and create a continuous cycle of net-positive economic, social, and environmental benefits for the Rondo neighborhood and the broader community. The multifaceted 4P Funding Model is an approach that ties People, Private, Public, and Philanthropy (4Ps) into financing, funding, and building an African American cultural enterprise district in Rondo. The fund modeling process aimed to identify ways to support local ownership and investment to ensure the current community has the tools to negotiate and receive benefits that result from future investments in the development and revitalization of Rondo.
Project Leadership:
- Marvin Roger Anderson
- Keith Baker
- Cyrus Knutson
- Luis Pereira
- Nieeta Presley
- Tony Johnson
- Diem Van Groth
In June 2021, Urban Land Institute, in partnership with ReConnect Rondo and powered by Hack the Gap, hosted the “4P Funding Model Exploration,” a virtual hackathon, over three weeks to develop innovative and restorative financing models for the construction and operation of a land bridge over I-94 in the Rondo neighborhood of Saint Paul, Minnesota. The Rondo land bridge serves as a center for a reignited and revitalized African American cultural enterprise district—a means to rebuild and reclaim the legacy of Rondo. This opportunity encouraged participants to develop a financing model that is sustainable and restorative for the local economy and, in particular, African Americans. The goal of the model is to both restore what was lost during the construction of I-94 and create a continuous cycle of net-positive economic, social, and environmental benefits for the Rondo neighborhood and the broader community. The multifaceted 4P Funding Model is an approach that ties People, Private, Public, and Philanthropy (4Ps) into financing, funding, and building an African American cultural enterprise district in Rondo. The fund modeling process aimed to identify ways to support local ownership and investment to ensure the current community has the tools to negotiate and receive benefits that result from future investments in the development and revitalization of Rondo.
Project Leadership:
- Marvin Roger Anderson
- Keith Baker
- Cyrus Knutson
- Luis Pereira
- Nieeta Presley
- Tony Johnson
- Diem Van Groth