Minneapolis: North East Investment Co-op buys property

Central Avenue in North East Minneapolis is a bustling corridor lined with businesses that offer a wide variety of services and exotic foods. There are also some empty storefronts and vacant buildings. A group of people who live and work in the area are trying to change that through the formation of a cooperative focused on development. Individuals buy into the co-op and their money is pooled to start projects. Eighty one members are in the group so far, and last week the North East Investment Co-op announced that it has signed its first purchase agreement. The group will buy an empty pair of storefronts at 2504 and 2506 Central Av. Northeast. NEIC board members Chris Bubser and Joe Bove appeared on KFAI's Morning Blend to talk about the project. [Audio below]

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