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Black Lottery Winner Invests Winnings Into Rebuilding Fla. Black Business Community

Miguel Pilgram highlights where he plans to build a jazz lounge in the Sistrunk Boulevard area of Fort Lauderdale, Fla. (Pilgram Group via Facebook)
Miguel Pilgram highlights where he plans to build a jazz lounge in the Sistrunk Boulevard area of Fort Lauderdale, Fla. (Pilgram Group via Facebook)

After winning millions in a lottery jackpot, a Florida man has decided to use his money to revive a district once known for thriving black businesses.

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“This commitment that I feel, that I have to go to that community and put my money where my mouth is,” explained Miguel Pilgram.

According to Black Enterprise, in 2010 Pilgram, a Memphis, Tenn., native, won $52 million in the lottery and began investing his money, building a real estate empire. Now the millionaire has taken on his most ambitious project yet: rebuilding the Sistrunk Boulevard area of Fort Lauderdale, Fla., restoring the area that was once a center for black business to its former glory.

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The area was named after James Sistrunk, a black physician known for opening the first hospital for African Americans in Broward County, Fla. During segregation, local laws prevented black people from crossing the tracks to the city’s east side after dark.

While developers have eyed the historically black area as a target for gentrification, Pilgram says he looks to preserve the heritage and history of the district. He plans to build a restaurant, jazz lounge and a performing arts center, as well as retail and residential spaces, the real estate magnate told NBC Miami.

Local activist and litigator Edduard Prince says the community has feared that Sistrunk Boulevard would fall victim to the same kind of targeted rebuilding efforts seen across the country. “The black residents of the community know they are in prime location,” said Prince. “They know that they’ve been fighting for years and developers are drooling over the property.”

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Read more at Black Enterprise and NBC Miami.

World-renowned wypipologist. Getter and doer of "it." Never reneged, never will. Last real negus alive.

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DISCUSSION

While developers have eyed the historically black area as a target for gentrification, Pilgram looks to preserve the heritage and history of the district. He plans on building a restaurant, jazz lounge, a performing arts center as well as retail and residential spaces, the real estate magnate told NBC Miami.

AWESOME. Not feasible on a widespread basis/as a panacea, but it’s nice to see this kind of investment as opposed to the usual “investments” offered by gentrification.