Rome, Desoto Theater

Closing Date: March 7, 2014
In March 2014, GCF closed a $100,000 loan to the Rome DDA to assist in partially financing renovations to the historic DeSoto Theatre located at 530 Broad Street in downtown Rome for use as a theater. The DDA made a simultaneous loan to Historic DeSoto Theatre Foundation, Inc., the project’s developer. The project cost is $250,000.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Historic DeSoto Theatre Foundation, Inc.

Project Cost
$250,000

GCF Loan Amount
$100,000

DD RLF Loan Amount, if any
N/A

Project Use
Theatre
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