City, East Phillips group reach Roof Depot land deal
Minneapolis and the East Phillips Neighborhood Institute reached a tentative deal to split the Roof Depot site, with the city taking the northern half and EPNI buying the southern portion.[1]
EPNI's purchase price is set at $6.12 million, financed by a $2 million state grant, $4 million in state bonding and a $120,000 local contribution from EPNI.[1] A formal purchase agreement will be drafted and brought to the Minneapolis City Council for approval in the coming months, and EPNI's long-term maintenance funding remains unclear.[1]
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📌 Key Facts
- The tentative agreement would split the Roof Depot property, with the city keeping the northern half and EPNI slated to buy the southern portion.
- EPNI’s purchase price is set at $6.12 million, funded by a $2 million state grant, $4 million in state bonding, and a $120,000 local contribution from EPNI.
- A formal purchase agreement will be drafted and brought to the Minneapolis City Council for approval in the coming months, and EPNI’s long‑term maintenance funding remains unclear.
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May 20, 2026