Minneapolis, MN (2019)

Capri Theater

Public-private partnership yields an expanded theater for North Minneapolis


  • NMTC Amount: $11,000,000
  • Total Project Cost: $11,557,430


  • 12 FTE jobs
  • 90 construction jobs
  • They look to increase their after-school program by 400 people annually, K-12 education by 400 annually and Theater use by an increase of 8,000 annually with approximately 84% being minorities and approximately 86% being low-income.
  • 19,500 sq. ft. of real estate


Project Description

Midwest Minnesota Community Development Corporation (MMCDC) was proud to finance the renovation and expansion of the Capri Theater, a north Minneapolis landmark since 1927. The theater is the site of Prince’s first solo concert in 1979. More recently, the Capri has been used more as a community gathering space than a theater over the past few decades, but the renovation aims to change that.

The nearly $13 million expansion includes renovation of the 250-seat main auditorium and supporting areas, and adds a smaller performance hall as well as a Best Buy Tech Center for teens, classrooms and an outdoor plaza. There was widespread community support for this effort including from the Mayor’s office, a private foundation, and members of the surrounding community.

The theater is owned by the Plymouth Christian Youth Center (PCYC), which served as the leveraged lender for the project. PCYC provides many community programs at the Capri, including Legends musical performances, Camp Capri, Capri Glee Community Choir, Capri After School Theater, and more. The PCYC typically serves more than 4,000 people annually.

MMCDC provided below-market financing for the project, which will help create up to seven new jobs as part of a 19,500 sq. ft. addition and renovation. Those new jobs are a welcome addition to a neighborhood with a poverty rate near 50 percent and extremely low-incomes.


Address: 2027 West Broadway Avenue, Minneapolis, MN 55411

Census Tract: 27053102800

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