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Newnan, 11-13 Jefferson Street
Closing Date: February 21, 2014
In February 2014, the Foundation provided a $225,000 loan to the Newnan DDA to assist in financing the acquisition and renovation of two adjoining buildings located at 11 & 13 Jefferson Street in downtown Newnan. The Georgia Department of Community Affairs also provided a $225,000 loan for this project. The completed project now houses a restaurant, Meat-N-Greet. The total project cost is $700,000.
Project Details
Loan Recipient
Newnan DDA
Sub-Recipient
N/A
Project Cost
$700,000
GCF Loan Amount
$225,000
DD RLF Loan Amount, if any
$225,000
Project Use
Restaurant
After
Foundation Project Impacts
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf