Press release mentions the community effort to save the senior living community, noting that receiver has a fiduciary responsibility to get the highest and best offer.
Caption: Anders Anderson visits with his sister Teri, who lives at The Grove Assisted Living at Casey's Pond. Anderson says if Teri is forced to leave Casey's Pond, he would need to follow her. Assisted living at Casey's Pond is set to close in November, according to an announcement on Thursday. (Dylan Anderson/The Yampa Valley Bugle)
More residents will need to prepare to move out of Casey’s Pond after receiver Bellann Raile announced Thursday that the assisted living section would close in November, about two weeks after the Doak Walker Skilled Nursing House is set to close.
In a press release, Raile said interest in the property has been “robust” but that the community “cannot remain as senior living.” The press release notes that Raile is “reviewing the various services offered to residents and the independent living arrangements,” as she continues to “wind down operations.”
“While there have been many recent articles regarding a community effort to retain the facility as senior housing, all offers to purchase the property must go through the defined sales process,” the release says. “The receiver has a fiduciary responsibility to run a sale process intended to solicit the highest and best offer for the facility.”
The day before, Steamboat Springs City Council passed an emergency ordinance to allocate $2.5 million in short-term rental tax revenues toward saving Casey’s Pond, a sum that hopes to help spur enough philanthropic dollars to buy the property out of receivership and maintain current operations.
Council members said they saw the situation as an emergency, as Casey’s Pond will be harder to maintain as a senior living community once more residents move out.
“Everyday that goes by, Casey’s Pond is diminished in terms of our ability to save it,” said Council member Steven Muntean on Tuesday night. “If we really want to save Casey’s Pond we have the wherewithal to significantly influence a group of people in the community to step up, but they won’t step up without us.”
Official bids for Casey’s Pond are due on Sept. 9. The release says specific details of bids or what potential buyers are looking to do with the property will not be known until bids are submitted.
“Some buyers are actively exploring keeping the building as housing, although specifics details will not be known until the bids are received,” the release says.
The closure of assisted living means 36 residents will need to move out by Nov. 13. Residents in the Doak Walker Skilled Nursing Home have been told their unit is closing on Oct. 27. A receivership update published on Aug. 9 says they have a tentative meeting with residents in Independent Living set for Aug. 21.
That update says there have been 45 different buyers pre-qualified and more than 75 parties have reached out to the broker team. More tours of the property are scheduled over the next several weeks.
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