After we look again on 2024, we’d simply name the story of Casey’s Pond the feel-good story of the 12 months in senior dwelling.
Or if not the story, actually one in every of them.
In the event you learn my Aug. 28 article, you already know the fundamentals.
Casey’s Pond, a unbroken care retirement neighborhood in Steamboat Springs, CO, entered receivership in July, after not with the ability to repay hundreds of thousands of {dollars} in bonds that had been used to assemble the neighborhood in 2013 and never with the ability to discover a purchaser.
Plans have been introduced to refund life care deposits for eligible residents and to shut the expert nursing and assisted dwelling areas. Affected residents have been despatched discharge notices, and workers have been instructed that their employment can be ending. An public sale date was set.
However alongside the best way, the town of Steamboat Springs made an emergency authorization of $2.5 million to attempt to save the CCRC, and a local people basis began a “quiet fundraising marketing campaign” that resulted in hundreds of thousands of {dollars} in commitments from dozens of donors in order that bondholder necessities may very well be met.
As I acknowledged in my Aug. 28 article, the Yampa Valley Group Basis introduced Aug. 23 that it had reached a verbal settlement with the bondholders and anticipated to finalize a contract for the acquisition of the CCRC quickly.
Now, the ink is dry on that buy settlement, which as of Sept. 3 was anticipated to shut inside 30 days, and the arduous work of transitioning possession of the neighborhood from CLC-Cappella Dwelling Options to Northwest Colorado Well being will start.
“In all my years as a Receiver, I’ve by no means seen the sort of neighborhood outpouring resulting in the necessity to reverse a closure course of,” Bellann Raile of receiver Cordes & Firm mentioned. Northwest Colorado Well being CEO Stephanie Einfeld additionally mentioned that she had “by no means seen something prefer it.”
What a testomony the story is to the excessive regard through which the CCRC is held, the efforts of everybody who helped it earn its nice status, and the collaboration it impressed in its time of want!
Jill Vitale-Aussem, president and CEO of Cappella Dwelling Options and Christian Dwelling Communities, in a LinkedIn publish, known as it a “lovely story of a local people valuing its elders and refusing to surrender till they discovered a path ahead.” I agree.
It’s clear that the CCRC is held in excessive regard by these related to it.
Govt Director Jeanine Woosley, in a weblog publish on the neighborhood’s web site, mentioned she was humbled by the employees who, “regardless of the entire challenges of the previous few months, continued to indicate up and make Casey’s Pond such a beautiful place to stay and work.” She quoted a eating companies employer named Aneita as characterizing the CCRC as “an extension of my household.” And resident Eric Berkey mentioned he “understood how particular this place is” instantly upon transferring in 10 years in the past.
Yampa Valley Group Basis CEO Tim Wohlgenant instructed the Steamboat Pilot media outlet that the neighborhood “loves Casey’s Pond” and that the muse is “thrilled as a result of individuals stepped up in an unlimited approach.”
The individuals stepping up make for a heartwarming story. And past that, they make it attainable for Casey’s Pond to proceed to be a beloved house and office for a whole bunch of individuals.
