Blue Ridge, 594 East Main

Closing Date: January 7, 2015
In January 2015, the Foundation provided a $116,000 loan to the Fannin County Development Authority for the acquisition and renovation of a commercial building located at 594 East Main Street in downtown Blue Ridge. The completed project houses leasable commercial space. The total project cost is $290,000.

Project Details

Loan Recipient
Fannin County Development Authority

Sub-Recipient
594 East Main, LLC

Project Cost
$290,000

GCF Loan Amount
$116,000

DD RLF Loan Amount, if any

Project Use
Commercial Space
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