'You want people to have an ownership stake as the neighborhood gets stronger,' said Lyneir Richardson, co-founder and CEO of Chicago TREND.
CHICAGO -- Can a community-owned shopping center in Roseland help solve the long-standing challenge of building wealth in communities of color? A Chicago businessman is launching a first-of-its-kind campaign to help people in underserved neighborhoods to invest in local shopping centers and benefit from helping their community thrive.
Roseland native Leon Walker, managing partner of DL3 Realty, could have sold the shopping center to the highest bidder, but went out of the way to sell it to a Black-led investment firm.'You know, in the Black and brown community, we don't have the kitchen table with the rich uncle, you know? So you have to create other alternative means for exposure, and for pathways into the business,' he said.
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