In 1988, Preservation Greensboro Incorporated created the Development Fund (or “the Fund”) through grants totaling $100,000 from several community foundations. Now independent, the Fund provides service to the community through a variety of legal interests. It works as a “revolving fund”, a pool of capital created and reserved for historic preservation activities – with the condition that the money will be returned to the fund to be reused for similar activities in the future. The all-volunteer board of the Fund has assisted in the restoration or conservation of properties in the Greensboro neighborhoods of College Hill, Southside, Cedar Street, Fisher Park, Glenwood, and Irving Park. Additionally, the Fund has assisted in planning efforts in the Summit Avenue neighborhood and Southside.
Below is the Cascade Saloon, saved through a partnership between Preservation Greensboro, the Development Fund, the Covington Foundation, Downtown Greensboro, the City of Greensboro, and its owner the Christman Company.