Greensboro, Lake Country Brewing

Closing Date: March 30, 2017
On March 30, 2017, the Foundation provided a $241,618 RLF loan to the Downtown Development Authority of the City of Greensboro to partially finance the renovation of the former Chero Cola building in downtown Greensboro. The Authority provided a simultaneous loan to Lake Country Brewing, LLC, the project's developer. The completed project contains a craft brewery, Oconee Brewing Company. Fidelity Bank was the project's senior lender. The total project cost is $2,771,756

Project Details

Loan Recipient
Downtown Development Authority of the City of Greensboro

Lake Country Brewing, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Craft Brewery
Foundation Project Impacts
265 New Downtown Businesses
1476 New Jobs Downtown
$123.2 Million in Private Investments
8 Cultural Facilities
284 Downtown Housing Units
155 Hotel Units Downtown
1,192,482 Redevelopment Floor Area sf
193,583 New Construction sf