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
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