How the Knight Foundation and LISC Charlotte are working to assist Black-led development in Historic West End

A recent effort helped one Black-owned business with low-cost financing.
Five Points

As change comes to Historic West End, community stakeholders have been consistently clear about one requirement: any efforts to redevelop the historically Black communities must be done for the benefit of those who have lived and worked there.

On Tuesday, the John S. and James L. Knight Foundation announced that it has given a $450,000 grant to LISC Charlotte as part of a broader initiative that could further that objective.

LISC, in turn, has used the Knight money to provide low-cost financing and technical assistance to Sankofa Partners, a small, Black-led company that bought and renovated a cluster of retail shops in Five Points, near Johnson C. Smith University (JCSU).

Ralphine Caldwell, executive director of LISC Charlotte, said the Sankofa project needed help to close financing gaps. According to county records, Sankofa, led by Diana Ward, paid $1.2 million to buy the one-story building, which then required extensive repairs.

The Sankofa-owned building, at 1800 Rozzelles Ferry Road, now houses four minority-owned businesses — Jet’s Pizza, Rita’s Italian Ice, Premier Pharmacy and a salon.

Caldwell said the Knight funding was essential to the project’s long-term success.

“It’s basically to make sure that (Ward) can carry the development forward for its duration,” she said. “So very, very important money was put into it.”

LISC is a national nonprofit with a Charlotte office that provides financing and support for community development. The Charlotte office also works with local governments and other nonprofits to increase the supply of affordable housing in Mecklenburg County.

More to come

Charles Thomas, director of Knight’s Charlotte program, said more grants may be made to LISC to help revitalize the Historic West End, though he declined to name specific projects.

Thomas said the goal is to help create a vibrant West End that includes more Black- and Latino-owned amenities, such as restaurants and retail services.

Working in partnership with LISC, Thomas said, the Knight Foundation may provide funding for pre-development need, low-interest loans, grant dollars and financial support for a minority-owned firm to do commercial development in the West End.

“It’s really about low-cost financing that enables commercial development, particularly commercial development that is Black-led, and brings Black small businesses to the corridor that are in alignment with the desires of the residents,” Thomas said.

Since 2015, the Knight Foundation has invested more than $5 million in various westside projects.

A ‘major win’

West End leaders have pointed to the Sankofa project as an example of Black economic empowerment in the West End.  (In the Twi language of Ghana, Sankofa translates to “go back and get it.”)

Ward, who has held several corporate jobs, including a few in banking, said she’s thrilled to get support for her project, which she hopes will be a catalyst for other Black-led commercial development along the West End corridor. Without the Knight Foundation and LISC Charlotte support, she said, “this would not have been possible.”

Dianna Ward, the majority owner of Sankofa Partners LLC, is pictured near 1800 Rozzelles Ferry Road in 2020. (Photo: QCity Metro)

“Most people thought that it would be very difficult to revitalize the Historic West End neighborhood, but we’re proving that, by bringing together community partners like LISC, the City of Charlotte and Knight, we can get this important work done faster and smarter,” Ward said.

She called the Sankofa project “a major win for business owners of color in Charlotte.”

A changing corridor

With help from the Knight Foundation and a Danish consulting firm, community leaders in the Five Points area hope to turn this vacant parcel into a space for community gatherings and outdoor events. The move comes as Five Points has seen an influx of newcomers looking to live close to uptown Charlotte. (Qcitymetro.com)

As development spreads from Uptown Charlotte, the Historic West End has seen a wave of economic investments, both private and public.

In August, the Charlotte Area Transit System (CATS) opened a 2.5-mile extension of its CityLynx Gold Line that brought streetcar service to a portion of the West End.

The Five Points plaza, a $5.5 million gathering space, is scheduled to open in November, according to its website. (Adjacent to the plaza sits the Sankofa project.)

[Related: 3 retailers of color prepare for business in renovated West End building near JCSU]

At Beatties Ford Road and Lasalle Street, workers are putting the finishing touches on a Black-led development project where JP Morgan Chase and Black-owned bakery BW Sweets will be among the tenants.

Thomas, the Knight Foundation executive, said Knight’s investments in the corridor are meant to align with the stated desires of West End residents — particularly historic residents.

He said he hopes that Knight’s work on the West End will be a model for how the city of Charlotte and other nonprofits can work with residents to improve other parts of the city that need economic support.

This article was published as part of our West End Journalism Project, which is funded by a grant by the John S. and James L. Knight Foundation.

Sarafina Wright
Sarafina covers Historic West End under a grant from the John S. and James L. Knight Foundation. She earned a journalism degree from Howard University. Email news tips to sarafinawright@qcitymetro.com or connect with her on Twitter and Instagram @sarafinasaid.

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