In April 2008, the Foundation closed a $132,000 loan to the Macon-Bibb County Urban Development Authority for the renovation of a two-story building located at 571 Cherry Street in downtown Macon. The UDA provided a simultaneous loan to Cherry Street Partners, LLC, the project';s developer. The completed project now houses street-level commercial space, second story office and residential space, and leasable space for a "Green Room" for the adjoining Cox Capitol Theatre.
Project Cost: $330,000 GCF Loan Amount: $132,000