Park Manor project faces conditional funding questions
The donor conditions influence public information timing and threaten funding if not respected. Conditional funding would cut tenant entrance fees for the facility’s life, while taxes for Russell-Binscarth remain unchanged. Estimated annual tax revenue is $24000, with possible green space or playground investments. The March 20 2015 deadline hinges on rezoning and multiple steps remain, including construction management tendering and financing finalization. Occupancy could occur around November 1 next year.