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Although still in preliminary stages, a new senior living development still may be on the horizon for a section of St. Bede Abbey property in eastern Spring Valley.
“Our architects are working on the plan and we feel pretty confident that we have the financing put together,” said developer Blair Minton of RPM Management.
A previous plan for a similar project originally was announced in December 2010, but the original developer dropped out of the project.
Minton said this new project, for which construction could begin as soon as this summer, is “totally different than what was originally proposed several years ago.”
The old plan called for a two-story, 70-unit facility near Webster Park. Minton’s plan is to build a one-story facility with three wings, each holding 20-units. One of the wings would be dedicated to dementia care, he said. It would be near the gravel road off U.S. 6 that leads to the western section of the monastery’s property.
St. Bede Abbot Philip Davey, O.S.B., declined to comment on the project as it still is in a preliminary phase.
Minton has been working with Spring Valley in an attempt to have the city’s Enterprise Zone extended. Currently, the 5-acre parcel where the senior housing development would be located is only partially within the zone.
Minton explained that being within the Enterprise Zone allows some construction costs to be nontaxable, reducing overall project expenses.
Spring Valley economic development director Debb Ladgenski said the city council has begun the “process of extending the Enterprise Zone,” but that process could take some time.
“(The development’s) proximity to St. Bede Academy also offers potential for the interaction of seniors and youth and supports the concept of life-long educational opportunities,” Ladgenski said.
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