Rome, Vargo Project

Closing Date: January 27, 2005
In January 2005, the Foundation provided a $225,000 loan to assist in the acquisition and renovation of the former Double Cola Bottling Company Building for the orthodontics practice of Dr. Joseph Vargo.

Project Details

Loan Recipient
Rome Downtown Development Authority

Sub-Recipient
JDV & JSV, LLC (Dr. Joseph Vargo)

Project Cost
$1,093,841

GCF Loan Amount
$225,000

DD RLF Loan Amount, if any
$225,000

Project Use
Orthodontist Office
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