Lutheran Jamestown Proposes Multimillion Dollar Wellness Center
A new multimillion dollar wellness center could soon be a reality for Lutheran Jamestown.
Representatives for the non-profit senior and assisted living organization spoke Thursday to the Chautauqua County Industrial Development Agency regarding a 9,300-square-foot addition to one of its existing locations. The project would also include renovations to existing facilities.
The project has an estimated completion date for the fall of 2019. Tom Holt, Lutheran president and CEO, asked the IDA board to review Lutheran’s bond request of $6.3 million for the project.
Holt said the project would be located on the corner of Aldren Avenue and Falconer Street. He said after a market analysis was conducted, Holt said Lutheran found that changes were needed to meet the needs of current and future residents.
“The world in which we live changes by the day and senior care is no different,” he said.
The addition will include a fitness center, community and activity room, kitchen, billiards room, technology center, outdoor patios, various mixed-use rooms and new offices for administrative staff.
The renovations proposed in the project will include an overhaul and rebuild of passenger elevators, roof replacement and leak mitigation, corridor-style air conditioning, lighting, flooring and decor updates, fiber connectivity and technology updates and resurfacing and updating of various parking lots and exterior landscaping spaces.
“(Lutheran) has been a foundation of the community for years, so we’re actually pleased we can assist and provide anything toward your future in the long run,” said IDA Chairman Michael Metzger.
Richard Dixon, county IDA chief financial officer, said after the meeting that environmental concerns will be researched. He said two public hearings will be held and public comments will be taken regarding the project.
“We’ll probably vote on the final resolutions at the next meeting,” Dixon said. “What is happening is we are granting them tax incentives on the financing, so there are a variety of ways to finance a project like this for a nonprofit.”
The IDA will not provide the loan for the project, but will provide a bond. This allows the bank to offer a lower interest rate.
“It gives them a little bit of an edge,” Dixon said. “It will be an exciting project.”