New museum is a key ingredient in the city’s redevelopment
When a fire destroyed the historic Younkers building in downtown Des Moines in March 2014, it seemed to put the city’s redevelopment plan for the area on hold, including a $5.6 million streetscape plan and transformation that was supposed to launch.
However, the Iowa community would not let the redevelopment effort stall after the blaze. Wells Fargo helped spur the development momentum by announcing in November 2015 that it would open its 12th history museum on Walnut Street. The museum recently opened on Nov. 10 in the Walnut Street branch as part of an effort to help revitalize the downtown area.
The museum is part of $313.5 million worth of investments taking place in the area. It is free and open to the public, and it’s expected to draw about 25,000 visitors each year.
Wells Fargo has more than 14,000 employees in greater Des Moines, which is the company’s third-largest workforce in the country.
The museum is the first to feature a Wells Fargo wagon, in honor of the Iowan playwright and composer Meredith Willson, who immortalized the wagon in his Broadway musical, “The Music Man.” The museum also has interactive displays and a rotating art gallery.
“As our revitalization efforts continue on Walnut Street and throughout downtown Des Moines, we’re confident that Wells Fargo’s history museum investment will stand out as a transformational project and key destination for downtown workers, residents and visitors,” said Jay Byers, CEO of the Greater Des Moines Partnership.
Click here to learn more about Wells Fargo’s commitment to revitalizing local communities and expanding economic opportunities across America.
Congratulations Wells Fargo & Company!