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Acworth, BBE&F Project
Closing Date: October 29, 2008
In October 2008, the Foundation provided a $250,000 loan to the Acworth Downtown Development Authority for the acquisition of the former Battle's grocery store building located on South Main Street in downtown Acworth. The property has been redeveloped as a commercial retail center containing four units.
Project Details
Loan Recipient
Acworth Downtown Development Authority
Sub-Recipient
BBE&F, LLC
Project Cost
$2,405,824
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Retail
After
Before
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