From The Presbyterian Home of Maryland, Inc:
The Presbyterian Home of Maryland, Inc (PHM) announced today that the Maryland Department of Aging has approved the feasibility study submitted by PHM for development and operation of The Village at Carsins Run, Harford County’s first Continuing Care Retirement Community.
The Department of Aging’s letter of approval for the feasibility study indicates that a reasonable financial plan has been submitted for developing and operating the project, which consists of 183 independent living units, 10 assisted living beds and 10 comprehensive care beds. The approval letter also notes that “there appears to be a market for a continuing care retirement community in this area of the state.”
The Village at Carsins Run will be constructed on 138 acres adjacent to Ripken Stadium in Aberdeen.
“The Village at Carsins Run will offer seniors independent living, assisted living, and nursing care – all in an accessible, neighborhood-like setting which allows seniors to remain close to family, friends, and the community in which they have been living,” says Susan Shea, President & CEO of the Presbyterian Home of Maryland.
The feasibility study indicates that a reasonable financial plan has been submitted for development and operation of the project, and that there appears to be a market for a continuing care retirement community in Harford County.
While final costs are still to be determined, initial costs for the project will be approximately $125 million. Construction will be funded with seed capital from The Presbyterian Home of Maryland, a faith-based not-for-profit organization that has been providing care to seniors in the Baltimore area since 1883, and construction funding from municipal bonds.
Current plans call for The Village at Carsins Run to break ground in 2011, with the facility scheduled to open by late 2013.
According to Shea, The Village at Carsins Run will employ about 80 full-time workers once it opens. Approximately 200 construction jobs will be available once actual work on the project begins.
Plans call for the 138-acre site to maintain natural areas, wetlands, tree buffers, nature trails, and other “green” measures.
As the next step in the process, The Village at Carsins Run will be focused on achieving the required presales of the new independent living units needed for construction and permanent financing.
To date, The Village at Carsins Run has received a tremendous positive response from area residents. Marketing professionals from The Village at Carsins Run already are involved in the local community, donating both time and financial support to a variety of local charities, including Harford United Charities, the Boys and Girls Clubs of Harford County, Meals on Wheels, and the ARC of Harford County.
Beyond that, The Village at Carsins Run has become an active member of local business organizations, including the Harford County, Aberdeen, and Havre de Grace Chambers of Commerce and the Route 40 Business Association. In addition, The Village at Carsins Run currently is working with Harford Community College to create continuing education programs, and with the Boys and Girls Club in Aberdeen to develop a year-round mentoring program linking its residents with local children.
For more information about The Village at Carsins Run, visit www.carsinsrun.org.
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