Current:Home > reviewsRekubit Exchange:Businesses at struggling corner where George Floyd was killed sue Minneapolis -TrueNorth Finance Path
Rekubit Exchange:Businesses at struggling corner where George Floyd was killed sue Minneapolis
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-08 04:14:09
MINNEAPOLIS (AP) — Several business owners at the struggling corner where George Floyd was murdered by a Minneapolis police officer in 2020 are Rekubit Exchangesuing the city to demand it take over their properties and compensate them.
The owners of the Cup Foods convenience store and other businesses operating near 38th Street and Chicago Avenue argue that the city’s failure to address deterioration and crime in the neighborhood has ruined their businesses and constitutes an unlawful taking of their property without just compensation, the Minnesota Star Tribune reported Thursday. They’re seeking $30 million in damages.
The area, now known as George Floyd Square, has become a place of pilgrimage for social justice supporters from across the country, and the store has renamed itself Unity Foods. But business owners say they haven’t benefitted, while activists and officials remain divided over how to transform the intersection while keeping it as a permanent memorial.
Floyd died after a white officer pinned his neck to the pavement outside Cup Foods for 9 1/2 minutes despite the Black man’s pleas of “I can’t breathe.” The ensuing protests, which turned violent at times, tested the leadership of Gov. Tim Walz at one of the state’s most consequential moments, and sparking a nationwide reckoning over racism and police misconduct. The officer, Derek Chauvin, was convicted of murder.
The legal action, filed last week in Hennepin County District Court, argues that the businesses have lost revenue, real estate value, reputation, and tenant and rental income. It argues that the city’s decisions led to higher crime and created a “no go zone” for police in the area. It replaces an earlier lawsuit by the businesses that was dismissed two months ago.
Michael Healey, the lawyer representing the businesses, told the Star Tribune there are two possible outcomes. The businesses “could conceivably keep the property if a settlement is reached with the city on the diminished value,” he said. The other possibility is that the city could begin the process of taking the properties and compensating the owners.
A city spokesperson said in a statement that while it can’t comment on pending litigation, the city “understands the challenges that residents and businesses have confronted in the wake of George Floyd’s murder.“
veryGood! (1)
Related
- Why members of two of EPA's influential science advisory committees were let go
- MLB playoffs 2023: One question for all 12 teams in baseball's postseason
- Burger battles: where In-N-Out and Whataburger are heading next
- Philadelphia journalist who advocated for homeless and LGBTQ+ communities shot and killed at home
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Nobel Prize goes to scientists who made mRNA COVID vaccines possible
- Gavin Newsom picks Laphonza Butler to fill Dianne Feinstein's Senate seat
- Kelly Ripa and Mark Consuelos' Many NSFW Confessions Might Make You Blush
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Bad Bunny and Kendall Jenner heat up dating rumors with joint Gucci campaign
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Burger battles: where In-N-Out and Whataburger are heading next
- Anya Taylor-Joy Marries Malcolm McRae in Star-Studded Italy Wedding
- Police arrest 2 in killing of 'Boopac Shakur,' vigilante who lured alleged sex predators
- The White House is cracking down on overdraft fees
- Gavin Newsom picks Laphonza Butler to fill Dianne Feinstein's Senate seat
- Chiefs vs Jets Sunday Night Football highlights: Kansas City wins, Taylor Swift celebrates
- Fed’s Powell gets an earful about inflation and interest rates from small businesses
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
North Carolina Gov. Cooper vetoes two more bills, but budget still on track to become law Tuesday
U.K.'s Sycamore Gap tree, featured in Robin Hood movie, chopped down in deliberate act of vandalism
UN Security Council approves sending a Kenya-led force to Haiti to fight violent gangs
Biden administration makes final diplomatic push for stability across a turbulent Mideast
After revealing her family secret, Kerry Washington reflects on what was gained
School culture wars push students to form banned book clubs, anti-censorship groups
Powerball jackpot grows to estimated $1.04 billion, fourth-largest prize in game's history