Remembering Craig Lloyd
SIOUX FALLS, S.D. (KELO) – A longtime Sioux Falls developer has died.
Craig Lloyd, the founder of Lloyd Companies, passed away Wednesday morning in Sioux Falls at the age of 76.
From building houses in the 1970s to multimillion-dollar projects that have reshaped downtown Sioux Falls, Lloyd has made a huge impact in Sioux Falls.
The Steel District is one example of his many visions coming to life.
'You're going to be looking at this thing 50 years from now and go, 'Wow who ever thought of that?' Lloyd said.
Over the decades, Lloyd Companies has overseen the development of more than 10,000 apartment units, 2.8 million square feet of commercial space and more than 700 acres of land for mixed-use development.
Back in 2015, Lloyd took KELO News on a tour of his YMCA Apartment project that would've been demolished if it wasn't for his efforts.
'Saving an old building. We saved this building from demo; deterioration,' Lloyd said.
Aside from construction, Lloyd was someone who gave back to his community.
In May 2020 at the height of the pandemic, he was seen outside, along with community members, thanking the workers at Smithfield who continued to show up.
Committee sends school choice bill to 41st day
'You know these people are helping our food supply in America and we're so thankful that they come to work,' Lloyd said.
Giving back was something Lloyd was no stranger to. The Minnesota State University Mankato alum is a founding sponsor of the school's Big Idea Challenge, a competition that gives funding to student's new, innovative business ideas.
'To be a dreamer you have to really go out on a limb and you gotta take that leap of faith,' Lloyd said.
Chris Thorkelson, Lloyd's nephew who succeeded him in 2016 says, 'Our family, our company and the communities we serve are forever changed for the better because Craig Lloyd was part of them.'
Lloyd was named the 2024 Distinguished Alumni Award recipient. This award honors alumni who have enhanced the reputation of the University through their actions, hard work and achievement. Lloyd is also a member of the South Dakota Hall of Fame.
Recently, Lloyd Companies donated a million dollars for a dog park at Jacobson Plaza and $750,000 for 'Lloyd Landing.'
Funeral Services will be held at 4:00 p.m. Monday, February 3, at St. Mary Catholic Church, 2109 S. 5th Avenue.
To read his obituary, click here.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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