Blue Ridge, Korzep Building

Closing Date: February 14, 2013
In February 2013, the Foundation provided a $176,000 loan to the Fannin County Development Authority to partially finance the construction of an infill building at 524 Main Street and 53 Roberts Way in downtown Blue Ridge. The completed project houses three commercial spaces.

Project Details

Loan Recipient
Fannin County Development Authority

Sub-Recipient
N/A

Project Cost
$530,000

GCF Loan Amount
$176,000

DD RLF Loan Amount, if any
N/A

Project Use
Three commercial spaces
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