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Friday, September 14, 2007

Senior Center ~ Let me get this straight

Roger

Let me get this straight.

We currently have a 5,000 sq. ft. Senior Center that can be used by the rest of the town as it has no restrictions. It is open to seniors 50 yrs old and up. We pay $80,000 +/ yr in rent and can actually expand into the adjoining space if needed...

the NEW senior center will cost the town over $1,700,000 out of pocket ( $900,000 in bonds and $800,000 in land purchase) will be HALF of the 7,000 sq ft. building. (---ie 3,500 sq ft. ?) can only be used by residents 62 yrs old and over. Will cost how much per year to pay off the bond, and how much a year in payments?

We now have a 5,000 sq ft building with multiple town/senior use and we are going to a 7,000 sq ft building with a net gain of 2,000 sq ft for a huge price tag?

What am I missing here when I think this is NOT a good deal for anyone?

Name withheld upon request.