Dublin, Saltwater Fishery

Closing Date: June 3, 2020
On June 3, 2020, the Foundation provided a $250,000 loan to the Dublin Downtown Development Authority to assist in financing the acquisition and renovation of a commercial building located at 110 S. Jefferson Street in downtown Dublin. The Authority provided a simultaneous loan to Saltwater Holdings 1, LLC, the project's developer. The completed project houses a restaurant, Saltwater Fishery. Community Bank of Dublin was the project's senior lender. Additional project financing was provided by the Georgia Department of Community Affairs.

Project Details

Loan Recipient
Dublin Downtown Development Authority

Sub-Recipient
Saltwater Holdings 1, LLC

Project Cost
$1,570,719

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
$250,000

Project Use
Restaurant
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