Moultrie, Friedlander Building/Blue Sky Grill

Closing Date: October 16, 2014
In October 2014, the Foundation provided a $375,200 GCF-SSBCI loan to Vern & Fireball’s, Inc. for the renovation of the Friedlander Building located at 27 First Street in downtown Moultrie. The completed project now houses the Blue Sky Grill, an established restaurant in the downtown area. The total project cost is $1,138,000. Sources of project financing include a $467,800 bank loan, the $375,200 GCF-SSBCI loan, and $295,000 of Borrower’s equity participation.

Project Details

Loan Recipient
Vern & Fireball’s, Inc.

Sub-Recipient
N/A

Project Cost
$1,138,000

GCF Loan Amount
$375,200

DD RLF Loan Amount, if any
N/A

Project Use
Blue Sky Grill Restaurant
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