Dahlonega, Smith House Renovations

Closing Date: April 12, 2007
On April 12, 2007, the Foundation closed a $250,000 loan to the Dahlonega Downtown Development Authority for Phase One renovations to The Smith House Restaurant, located at 84 South Chestatee Street in downtown Dahlonega. DCA also provided a $250,000 DD RLF loan for this project. The DDA provided simultaneous loans to The Smith House, Inc., the project's developer.

Project Details

Loan Recipient
Dahlonega Downtown Development Authority

Sub-Recipient
The Smith House, Inc.

Project Cost
$1,000,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Restaurant/Gift Shop Renovations
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