Grant & Loan Awards: Ware County


Ware County

Equity Fund: $500,000

Awarded: 12/19/2003

Applicant: Waycross Development Authority, Downtown

Equity funds to assist with the renovation of the historic Phoenix Hotel located in downtown Waycross. Upon completion, the hotel will be anchored by a corporate tenant, an existing Ware County company, in addition to new retail, restaurant and office space. Beef O'Brady's, a sports pub and restaurant has committed to locating in the hotel and has a draft lease agreement in place. The hotel is expected to be a significant catalyst in spurring downtown economic activity by bringing over 120 jobs (80 existing 40 new) to the downtown area upon completion.

Total Budgeted Project Cost: $8,043,730

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