Millions awarded for art space in Minnesota
January 19, 2012 by Sarah
The Kresge Foundation, which was begun by the founder of S.S. Kresge Co., the Minnesota-based company which originated the bargain retail concept which evolved into Kmart, awarded the grant to Artspace Projects Inc. to create affordable studio space for arts organizations.
“Although we have received major grants in the past, this scale of support for the core operations of Artspace is a terrific step forward,”
said Artspace president, Kelley Lindquist, in a prepared statement.
Lindquist stated that $2 million was specified to be used to increase the scope of consulting services. Business card printing will be undertaken in advance of the grant money arriving for the professional consultants who can now offer their services to artistic organizations wanting to leverage development within their community. The other $1 million is slated as an operating reserve.
Artspace, based in Minneapolis-St. Paul, is touted as the number one developer of facilities for the arts in the country. At present, Artspace is active in 13 states and is working on approximately 30 projects.
To date, more than 1,000 units have been created as live/work spaces for artists. Dedicated studio space accounts for more than 1 million sq. ft. newly created for arts organizations and member artists.
The Kresge Foundation, based in Troy, Mich., is reported to own assets in excess of $3.1 billion. The man in charge is Rip Rapson, familiar to residents of Minneapolis-St. Paul as he was the former mayor. Rapson is also past-president of the McKnight Foundation.