Mortgage And Real Estate News

Sunday, October 6, 2013

Paradise Valley divided on planned senior living center

Paradise Valley prides itself as a residential community marked by low-density, high-priced homes and resort amenities.

Now, the town is entertaining the possibility of adding a new land-use designation that would allow senior-living centers. The possibility is proving highly divisive, as many longtime residents argue the move as a threat to the town’s character.

With a population of 12,820 and a median age of 51, the backlash is coming from the very demographic these new facilities would eventually serve.

Read more...Paradise Valley divided on planned senior living center

Reuters: Business News

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