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LaGrange, 308 Main Street
Closing Date: September 28, 2017
On September 28, 2017, GCF provided a $250,000 RLF loan to the Downtown LaGrange Development Authority to finance the acquisition of equipment for a craft brewery at 308 Main Street. The Authority acquired and rehabilitated the building and leased it to Craft Beverage Concepts, LLC, which will operate Wild Leap Brew Company on the property. The total project cost is $4,490,000. Other project lenders included Calumet Bank and the Georgia Department of Community Affairs. The Callaway Foundation also provided two grants for the project.
Project Details
Loan Recipient
Downtown LaGrange Development Authority
Sub-Recipient
N/A
Project Cost
$4,490,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Craft Brewery
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