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

Sub-Recipient
Bainbridge Enterprises, LLC

Project Cost
$835,000

GCF Loan Amount
$250,000

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