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
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf