STEVENS POINT, WI (WSAU) - A city committee is recommending the sale of a Stevens Point elderly housing complex.
Edgewater Manor is an 81 unit apartment building for independent seniors, and used to be subsidized by federal Housing and Urban Development (HUD) dollars. It is presently just over one-third vacant. The rent is $533.00 per month, and about half of the residents qualify for low income vouchers to offset some of the rent.
Mayor Andrew Halverson says no other community in Wisconsin owns public housing and subsidizes it of their own tax levy, and selling Edgewater is good for the city in more ways than one.
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Halverson and Community Development Authority Director Michael support placing Edgewater Manor in Tax Incremental Financing (TIF) District #6, where the tax base would help support the former Centerpoint Mall development and would connect TIF #6 developments downtown and at the former Vetter Manufacturing site.
Some residents believe the city is manufacturing the sale of the building for the betterment of the downtown TIF district. Mayor Halverson says that clearly isn’t the case.
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The Mayor defends decision to sell Edgewater Manor, saying the city is not forgetting seniors and only helping business.
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Ostrowski says Edgewater Manor needs a lot of upgrades to make it competitive with other, newer properties in the area.
The Planning Commission approved of the sale to Affordable Senior Housing of Central Wisconsin. The principals behind Affordable Senior Housing already own and operate Crystal Fountains Assisted Living, which cares for 189 senior citizens at their four Plover and Wisconsin Rapids facilities. If Affordable Senior Housing is approved by the city council next Monday, they plan to market and manage the property with on site managers plus staff from their other facilities.