Rome, 512 East First Street Project

Closing Date: November 21, 2011
In December 2011, the Foundation provided a $48,000 loan to partially finance the acquisition and renovation of a dilapidated two-story building in downtown Rome. The completed project now houses professional office space. The total project cost is $120,165.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

David F. Guldenschuh, P.C.

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Professional Office
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