Greensboro, Lake Country Brewing

Closing Date: March 30, 2017
On March 30, 2017, the Foundation provided a $241,618 RLF loan to the Downtown Development Authority of the City of Greensboro to partially finance the renovation of the former Chero Cola building in downtown Greensboro. The Authority provided a simultaneous loan to Lake Country Brewing, LLC, the project's developer. The completed project contains a craft brewery, Oconee Brewing Company. Fidelity Bank was the project's senior lender. The total project cost is $2,771,756

Project Details

Loan Recipient
Downtown Development Authority of the City of Greensboro

Sub-Recipient
Lake Country Brewing, LLC

Project Cost
$2,771,756

GCF Loan Amount
$241,618

DD RLF Loan Amount, if any
N/A

Project Use
Craft Brewery
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