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Photo Credit: Courtesy of the Borrower

Hotel Saint George LLC and Capital Crowley Theater Inc.

Marfa, TX
September 2014

Funds a multi-faceted development to revitalize the downtown of a burgeoning arts-tourism destination, including development of new hotel that boost in-town employment by 5% and provide renovated space for a variety of community services

 

Project Facts:

CCML Financing: 
$17,000,000
Financing Program: 
Federal New Markets Tax Credits
Tax Credit Investor(s): 
U.S. Bancorp Community Development Corporation

Community Benefits:

Permanent Jobs Created/Retained: 
116 (estimated)
Construction Jobs Created: 
70 (estimated)
Other Benefits: 
$110,000 for revolving loan fund, $80,000 for scholarship program