Last updated 8:41PM ET
December 15, 2017
WOUB Local News
WOUB Local News
Proposed retirement center
(2008-03-04)
(WOUB) - Ohio University is submitting a new agreement to the state for a proposed retirement center along Stimson Avenue.

It calls for National Church Residences to pay 60-thousand dollars a year for the site.

Approval is required by the Department of Administrative Services...which raised questions about an earlier proposal which would have cost N-C-R just one dollar a year.

The new document sets the annual lease at $40,000 for the 16-acre property.

It also includes a provision for National Church Residences to make payments of $20,000 per year to the City of Athens, Athens City Schools and possibly some Athens County projects.

N-C-R will build and maintain the facility if the lease is approved and the non-profit developer agrees to the final terms.
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