Site
To support its mission and achieve its long-term vision, Juxtaposition Arts (JXTA) pursued a multi-phased development of a cultural arts center on the 1100 block of West Broadway. The arts center is a place where emerging youth and adult artists from the North side and throughout the Twin Cities region can access various forms of urban expression, fine arts, and creative opportunities. The center is a visible symbol of community reinvestment and a powerful catalyst for the revitalization of North Minneapolis’ key commercial corridor.
Timeline
Closing Date: September 27, 2011
Payoff Date: January 6, 2021
Financials
Loan Amount: $100,000
LBTC Funding Source: Pohlad Foundation PRI
Partners
Developer: Juxtaposition Arts, Inc.
Funders: McKnight Foundation, Wells Fargo, West Broadway Coalition
Outcome
The 11,520-square-foot expansion and renovation of JXTA’s campus allowed the organization to significantly increase the number of students and artists it serves each year, as well as grow the number of jobs created and maintained by JXTA.