Rome, Sumner Project

Closing Date: January 26, 2007
On January 26, 2007, the Foundation closed a $122,000 loan to the Downtown Development Authority of the City of Rome for the renovation of a dilapidated building located at 316 Broad Street in downtown Rome. The completed project now houses commercial office space.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Greg and Shani Sumner

Project Cost
$285,461

GCF Loan Amount
$122,000

DD RLF Loan Amount, if any
N/A

Project Use
Commercial Office Space
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