MPR: Neighborhood group secures funding for Roof Depot site
A general view of the old Roof Depot building during a rally for Earth Day. Kerem Yücel | MPR News 2022
via MPR News by Estelle Timar-Wilcox, November 9, 2023
MINNEAPOLIS, MN — Community activists in Minneapolis's East Phillips neighborhood have secured the funding they needed to buy the Roof Depot site, and the city has approved the sale.
The East Phillips Neighborhood Institute is buying the site from the City of Minneapolis. As part of the purchase agreement, EPNI agreed to pay $3.7 million, and to give the city proof that they have that money by November 7.
This week, the city confirmed that EPNI has the funds available.
Daniel Colten-Schmidt is the funding development manager at EPNI. He said that with the $3.7 million secured, EPNI has fulfilled the requirements needed for the purchase.