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Rome, Forrest Hotel Renovation
Closing Date: October 8, 2002
In October 2002, the Foundation provided a $250,000 loan for the renovation of the Forrest Hotel, a circa 1916 hotel building located in downtown Rome.
Project Details
Loan Recipient
Rome Downtown Development Authority
Sub-Recipient
Forrest Place, LLC
Project Cost
$3,250,000
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
$250,000
Project Use
Retail/Residential
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