Macon-Bibb County, 377 Cotton Avenue

Closing Date: December 13, 2012
In December 2012, the Foundation provided a $150,000 loan to the Macon-Bibb County Urban Development Authority to partially finance the rehabilitation of a commercial building located at 377 Cotton Avenue in downtown Macon. The completed project now houses one commercial space, six residential units, and twenty-one mini-storage units.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Sub-Recipient
N/A

Project Cost
$710,000

GCF Loan Amount
$150,000

DD RLF Loan Amount, if any
N/A

Project Use
Mixed-Use
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