Twin Cities Daily Planet. November 6, 2011
Minnesota Neighborhoods Organizing for Change (NOC) is taking a similar approach, albeit more direct. They released a study that claims foreclosures have cost the Minneapolis Public Schools $150 million, and that Wells Fargo is responsible for $28 million of those costs. The full study can be found here. That report borrows heavily from a previous study done by CURA. Essentially, foreclosures in Minneapolis have significantly impacted families with children in public schools. That causes the families to move elsewhere, and then with fewer students enrolled in the school system, MPS funding decreases.