Macon-Bibb County, 497 Second Street

Closing Date: March 31, 2020
On March 31, 2020, the Foundation provided a $200,000 loan to the Macon-Bibb County Urban Development Authority to assist in financing renovations to a two-story commercial building located at 497 Second Street in downtown Macon. The Authority provided a simultaneous loan to G&A Central Georgia Properties, LLC, the project’s developer. The completed project houses a restaurant/bar on the first floor and an axe-throwing establishment on the second floor. The total project cost is $500,000. Additional project financing was provided by Renasant Bank.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Sub-Recipient
G&A Central Georgia Properties, LLC

Project Cost
$500,000

GCF Loan Amount
$200,000

DD RLF Loan Amount, if any
N/A

Project Use
Leasable Commercial Space
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf