Bainbridge, Bon Air Hotel

Closing Date: February 26, 2015
In February 2015, the Foundation provided a $250,000 loan to the Downtown Development Authority of Bainbridge for the acquisition of the historic Bon Air Hotel in downtown Bainbridge. The DDA provided a simultaneous loan to Bainbridge Enterprises, LLC, the project’s new owner. The historic property houses six street-level commercial spaces and ten residential apartments. The total acquisition cost was $835,000.

Project Details

Loan Recipient
Downtown Development Authority of Bainbridge

Bainbridge Enterprises, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
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