Rome, 226 Broad Street

Closing Date: August 11, 2011
In August 2011, the Foundation provided a $106,000 loan to the Rome DDA for the acquisition of a two-story commercial building located at 226 Broad Street in downtown Rome. The building presently houses three commercial spaces, including the Borrower’s retail business. The total project cost is $265,000.

Project Details

Loan Recipient
Rome DDA

Sub-Recipient
Nancy Brown, LLC

Project Cost
$265,000

GCF Loan Amount
$106,000

DD RLF Loan Amount, if any
N/A

Project Use
Commercial
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