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Elberton, Elberton Star Building
Closing Date: August 31, 2007
In August 2007, the Foundation provided a $75,000 loan to the Elberton Downtown Development Authority to assist with the acquisition and renovation of property located on Oliver Street in downtown Elberton. The property now houses the real estate offices of the loan sub-recipients.
Project Details
Loan Recipient
Elberton Downtown Development Authority
Sub-Recipient
Arthur and Jennifer Lane
Project Cost
$178,875
GCF Loan Amount
$75,000
DD RLF Loan Amount, if any
N/A
Project Use
Office
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