Projects

Covington, Lula Building

Closing Date: August 31, 2007
In August 2007, the Foundation provided a $250,000 to the Covington DDA for the reconstruction of the building located at 1123 Church Street in downtown Covington. The property now houses six commercial and office units.

Project Details

Loan Recipient
Covington Downtown Development Authority

Sub-Recipient
Lula V. Smith

Project Cost
$1,730,525

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Commercial/Office
After
Before
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf