Businesses have fled, and property values have collapsed. The 31-story Ameriprise Financial Center, purchased for $200 million in 2016, was sold this year for $6.25 million. That's just three percent of its old value.
Prominent Minneapolis attorney Chris Madel is one of those leaving the city, after years of taking photos of crimes being committed outside his office window. Someone was killed outside his office front door in August.
Madel told us, "I have always loved downtown Minneapolis, but it has gotten to a point where I'm up at night worried about my employees when I'm hearing them getting accosted on their way to work. There have been times on Monday or Tuesday mornings at 9 or 10 A.M. when we hear gunshots. None of it is reported."
Property owner Jeff Svedahl left Minneapolis for Utah after losing millions from crime and falling property values after the 2020 riots.
He told us, "Tenants would call the police and get no response, or the police wouldn't come out. There was more and more crime. I had to park my car on the street and it was broken into five times in a year, five times in a year…one car. We had windows smashed in all the time. So, I'm not going back anytime soon."
There were more than 500 car break-ins from July to August this year. Minneapolis police said they spotted some of the suspects but did not pursue them because of department policy.
Liz Collin, a local news reporter in Minneapolis for 15 years and now the Senior Reporter at Alpha News, told us, "We've interviewed many people who call 911 in Minneapolis. They'll be placed on hold. Some people have told me that sometimes they'll have to call back several times, or that they won't even answer at all."