Search for:
About
Board of Directors
Staff
Contribute
Programs & Services
Revolving Loan Fund
Georgia Downtown Renaissance Partnership Programs
Renaissance Strategic Visioning & Planning (RSVP) Program
Downtown Renaissance Fellows Program
Georgia Economic Placemaking Collaborative
Heart & Soul Downtown Workshop
Awards
The Development Sessions
Projects
Search
Projects
Athens-Clarke County, Athens Film Arts Institute, Inc.
Closing Date: June 29, 2018
On June 29, 2018, GCF provided a $250,000 loan to Athens Film Arts Institute, Inc. (AFAI) to assist in financing the acquisition of a commercial building located at 234 W. Hancock Avenue in downtown Athens. The building will continue to house an arthouse theater, Cine, and an upscale restaurant, The National. First American Bank & Trust was the senior lender.
Project Details
Loan Recipient
Athens Film Arts Institute, Inc.
Sub-Recipient
N/A
Project Cost
$2,000,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Acquisition
After
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf