A large tract of land was purchased the other day near Cedar Bluff Road. The Nebraska company plans on developing a 128-unit independent living community for seniors.
Matt Maude, Cameron's chief financial officer, said the $24 million project will include a three-story residential facility plus three smaller buildings with garage units. Maude said the company will not directly provide health care, but that home health-care agencies will be available to provide services.
He said the facility will include meal service, a 150-seat theater, a workout room and weekly housekeeping.
While there are places for seniors living independently in Knoxville, it can be hard "getting in". Quite frankly there are many reasons Tennessee, and Knoxville in particular, is a great place to retire, starting with this being one of the few remaining states that has no income tax. (Okay, you will pay tax on your capital gains).
According to the article, construction should start early next year and be finished by the end of 2012. After 4 years we can get started on a new independent living community for seniors.
crossposted from Chiara's Corner