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Valdosta, Coleman Project
Closing Date: January 19, 2005
In January 2005, the Foundation provided a $250,000 loan to the Central Valdosta Development Authority for the renovation of a two-story structure in downtown Valdosta. The first floor now contains three commercial spaces, while the second floor contains four loft apartments.
Project Details
Loan Recipient
Central Valdosta Development Authority
Sub-Recipient
Roz Properties, LLC
Project Cost
$662,627
GCF Loan Amount
$250,000
DD RLF Loan Amount, if any
N/A
Project Use
Commercial/Residential
After
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