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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
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