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1803 Fund acquires Portland grain silos in $70 million investment for Black community
The 1803 Fund, an organization working to advance Portland’s Black community, on Thursday announced $70 million in real estate purchases, including the site of the former grain silos near the Moda Center. The organization, which was formed in 2023 with a $400 million pledge from Nike co-founder Phil Knight and wife Penny Knight, also announced...
Initiative to support Black Portlanders is investing $70M to redevelop waterfront, other p
On Nov. 20, 2025, the 1803 Fund confirmed it is purchasing a waterfront property near the Moda Center in Portland, Ore. The parcel currently houses an out of work grain silos.Courtesy of 1803 Fund A Portland initiative to restore and redevelop historically Black areas in the city is investing $70 million to transform key pieces...
Meta Advances Towards the Metaverse With New Creative Tools
Meta’s next-level metaverse push progressed a little more this week, with the addition of two new features that will help facilitate the creation of 3D environments, and will eventually enable you to speak entire VR experiences into existence. In addition to the launch of its updated Segment Anything (SAM) process, including SAM 3D, which is...