Zebulon, A Novel Experience

Closing Date: May 24, 2007
On May 24, 2007, the Foundation closed a $77,400 loan to the Zebulon Downtown Development Authority for the renovation of a building located at 420 Thomaston Street in downtown Zebulon. The DDA provided a simultaneous loan to A Novel Experience, Inc., the project's developer. The completed project now houses a bookstore.

Project Details

Loan Recipient
Zebulon Downtown Development Authority

Sub-Recipient
A Novel Experience, Inc.

Project Cost
$267,279

GCF Loan Amount
$77,400

DD RLF Loan Amount, if any
N/A

Project Use
Bookstore
After
Before
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