An investment in Winnipeg back made in 1921 is still paying dividends.

The Alloway Arch — the facade of the historic Alloway and Champion Bank building — has been installed at The Forks at the Railside Lot just east of the Via Rail Station.

One of the owners of that bank, William Forbes Alloway, went on to found the Winnipeg Foundation, and the charity is responsible for getting the artifact out of storage and back into public service.

"We are honoured to use this important public space," said Richard Frost, CEO of The Winnipeg Foundation, in a release. "For centuries, the forks of the Red and Assiniboine Rivers has been a meeting place. Today, it's where Winnipeggers come for community celebration, to enjoy the beauty of our city in all seasons, and — thanks to the Canadian Museum from Human Rights — it's also a place for learning, reflection and hope."

The adjoining Widow's Mite Fountain also comes from the original building at 362 Main Street, erected in 1921.

The Winnipeg Foundation says the structure represents Alloway's "investment in our community while the adjacent fountain symbolizes the pooling of gifts made by people from all walks of life to build The Winnipeg Foundation."

Elder Clarence Nepinak performed a tobacco ceremony at the site before construction began in June and Barbara Nepinak will be on hand again today to bless the completed structures.