WILLSBORO - The developer of the Champlain Valley Senior Community is hosting an open house from 2-4 p.m. Saturday to showcase the $7 million assisted living and memory care facility as the organization looks to secure the final $600,000 of financing needed to begin construction this fall.
Eli Schwartzberg, a native of Saranac Lake, purchased the old Willsboro School building in 2008 to save the historic structure and rehabilitate it into a moderate-income senior housing community. Since then, he has been actively engaged in putting together the multiple pieces of the puzzle to make the project a reality.
The event will take place at the project site and offer community members the opportunity to see the plans, receive a developer-guided tour of the building and gain a further understanding of how the proposed project would meet the needs of the community.
Slated to open in the fall of 2012, the home would provide housing and care to moderate income seniors throughout the Champlain Valley. It would also create over 30 full-time jobs that cannot be outsourced, provide a business anchor for Willsboro and save a building that is on the National Register of Historic Places, according to Schwartzberg.
"All permits and licenses are in place, construction drawings are complete, and approvals have been granted," Schwartzberg said. "The remaining $600,000 must be received this fall in order to utilize both the lender commitment and USDA loan guarantees before they expire. I need the community's help to cross the finish line to make this dream come true."