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
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