Dalton, Cherokee Brewing and Pizza Company

Closing Date: January 12, 2017
In January 2017, GCF provided a $250,000 loan to the Downtown Dalton Development Authority for the rehabilitation of a commercial building located at 307 West Cuyler Street in downtown Dalton. The Authority provided a simultaneous loan to Kasey and Julie Carpenter, the project's developers. The completed project houses Cherokee Brewing and Pizza Company. BB&T was the project's senior lender. The total project cost is $780,404.

Project Details

Loan Recipient
Downtown Dalton Development Authority

Sub-Recipient
Kasey and Juile Carpenter

Project Cost
$780,404

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Brewpub Restaurant
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