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

Sub-Recipient
David F. Guldenschuh, P.C.

Project Cost
$120,165

GCF Loan Amount
$48,000

DD RLF Loan Amount, if any
N/A

Project Use
Professional Office
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