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Black Organizers Blocked by Deutsche Bank's Alleged Racism Despite Raising Over $28M to Buy Crenshaw Mall

Real Gs really do move in silence. After months of waging multiple campaigns and building a massive coalition of hundreds of local/Black community organizations to defeat development partners of Donald Trump and Jared Kushner, Downtown Crenshaw Rising (DCR), quietly raised over $28 million from philanthropists and an additional $6 million in letters of intent from impact investors to support their bid to buy the iconic Crenshaw Mall, reports PR Newswire. “Through Downtown Crenshaw, we are showing that it is possible for Black people to collectively control Black spaces, beat outside gentrifiers and create a new just model of redevelopment that uplifts communities like Crenshaw without uprooting long-time residents and merchants,” said Damien Goodmon , Board Member of DCR and a descendant of L.A.’s historic Blodgett family in a news release. Despite the financial support from a who’s-who of philanthropists and socially responsible investors, community support, and offering the...

Shanique Yates

Mar 24, 2021