Macon-Bibb County, Capitol Theatre

Closing Date: September 30, 2005
On Friday, September 30th, the Georgia Cities Foundation closed a $250,000 loan to the Macon-Bibb County Urban Development Authority for the renovation of the former Capitol Theatre building in downtown Macon. Upon completion, the project will be used as a multi-purpose arts and entertainment venue.

Project Details

Loan Recipient
Macon-Bibb County Urban Development Authority

Sub-Recipient
Capitol Theatre Fund, LP

Project Cost
$1,387,142

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Multi-purpose arts and entertainment venue
After
Before
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