Elberton, Elberton Star Building

Closing Date: August 31, 2007
In August 2007, the Foundation provided a $75,000 loan to the Elberton Downtown Development Authority to assist with the acquisition and renovation of property located on Oliver Street in downtown Elberton. The property now houses the real estate offices of the loan sub-recipients.

Project Details

Loan Recipient
Elberton Downtown Development Authority

Sub-Recipient
Arthur and Jennifer Lane

Project Cost
$178,875

GCF Loan Amount
$75,000

DD RLF Loan Amount, if any
N/A

Project Use
Office
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