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

Historic DeSoto Theatre Foundation, Inc.

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
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