Augusta, 967 Broad Street Project

Closing Date: November 21, 2011
In December 2011, the Foundation provided a $111,860 loan to partially finance the acquisition and renovation of a four-story building in downtown Augusta. The completed project houses street-level commercial space, and three residential loft apartments. The total project cost is $276,360.

Project Details

Loan Recipient
Downtown Development Authority of Augusta

Sub-Recipient
Elliott Building, LLC

Project Cost
$276,360

GCF Loan Amount
$111,860

DD RLF Loan Amount, if any
N/A

Project Use
Mixed-Use
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