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First house renovated under $750K U of M neighborhood-impact plan hits the market

"Brick House" was the nickname for Memorial Stadium, the predecessor at the University of Minnesota's Minneapolis campus to TCF Bank Stadium, the new home of the Golden Gophers football team.

Now an actual house near the stadium--wooden, not brick--has been renovated by the University District Alliance, a community organization formed in the stadium's wake to strengthen ties between the university and surrounding neighborhoods. It's the first of three houses located in target areas near the new stadium to hit the real estate market after purchase and renovation by the Alliance.

When Minnesota legislators approved state funds for construction of TCF Bank Stadium, they were also motivated to mitigate negative impacts of the mammoth campus on adjacent residential areas. A special aim was encouraging home ownership in neighborhoods where the pace of conversion from family to student rental housing has accelerated in recent years.

The Alliance--made up of resident associations in three neighborhoods of Southeast Minneapolis, the university, and the City of Minneapolis--decided that renovating houses for sale to new resident-owners was the best way of spending the bulk of $750,000 the state allocated to demonstrate how local projects could keep campus-area neighborhoods stable and sustainable.

"Initially there was the hope to at least break even, but that's not going to happen," says James De Sota, Southeast Como Improvement Association coordinator, whose group pushed the Alliance to use green building materials and methods in the renovation work.  Still, he says, efforts at cooperation by local groups, the university and city government are off to a "nice start."

Source: James De Sota, Southeast Como Improvement Association
Writer: Chris Steller

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