Projects

Rome, Cherokee Lodge Project

Closing Date: December 7, 2006
On December 7, 2006, the Foundation closed a $250,000 loan to the Rome Downtown Development Authority for the acquisition and renovation of the historic Cherokee Lodge building in downtown Rome. The Lodge, built in 1901, was originally designed for, and used as, a Masonic lodge.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Real Estate of Rome, LLC

Project Cost
$1,765,886

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Commercial/Office
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