Four Cities Chosen for $40 Million Investment in Public Spaces
Can investment in parks, libraries and recreation centers help reverse the worrisome trend of economic and social segregation in cities? Four national foundations are betting big on that theory. Starting today The JPB Foundation, Knight Foundation, The Kresge Foundation and The Rockefeller Foundation are coming together to invest a total of $20 million in public spaces in four cities: Akron, Chicago, Detroit and Memphis. That money will be combined with $20 million in matched funding from local sources, resulting in a $40 million dollar investment in the Reimagining the Civic Commons initiative.