Although the street will still be called Chicago Avenue, the city will refer to the blocks between 37th and 39th streets as George Perry Floyd Jr. Place, the Star Tribune reported.
The City Council approved the naming Friday, and Mayor Jacob Frey’s office said he would likely sign off on it as well.
Months after Floyd’s death, the intersection remains barricaded and now holds a memorial.
George Floyd lived as a criminal for most of his life, serving eight prison sentences for various crimes, including armed robbery. At the time of his death, he tested positive for fentanyl and methamphetamine.
A group of demonstrators has occupied the area, saying they will not leave until the city meets their demands, including funding for critical race theory training and a temporary property tax freeze for people within that zone.
The city had announced plans to reopen 38th Street this summer but backed off, avoiding a confrontation.
The city continues to work on a long-term plan for the intersection.
Adapted from reporting by the Associated Press.