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Foundation Project Impacts
189 new downtown businesses
964 new jobs downtown
7 cultural facilities
136 downtown housing units
$66.2 million in private investments
Projects
Monroe, Malcom Project
Closing Date: September 22, 2009
The Foundation recently provided a $215,000 loan to the Monroe DDA for the redevelopment of a 3.7-acre property in downtown Monroe. The property includes an early 1900’s depot, a former residence, an old cotton warehouse building, and an old grocery warehouse building. The completed project houses leasable space for as many as nine commercial businesses. The total project cost is $1,455,000.
Project Details
DDA or Similar Entity Receiving GCF Loan Funds
Monroe Downtown Development Authority
Sub-Recipient
N. Anderson Malcom
Project Cost
$1,455,000
GCF Loan Amount
$215,000
DD RLF Loan Amount, if any
$215,000
Proposed Use
Commercial
© 2009 Georgia Cities Foundation