Golden Ridge Senior Living, located in Rapid City, South Dakota, is currently in the process of being sold due to one of the owner's health issues. The building is listed for sale at a price below its re-production cost, leaving open the possibility for conversion into a memory care facility or apartments. This change in ownership has prompted residents to seek alternative housing options, with the owners reportedly assisting in this transition.
Lead mayor Ron Everett mentioned the importance of having a senior living facility in every community, expressing hope that there will be enough residents in the future to sustain the profitability of the building. The buyer of Golden Ridge Senior Living has chosen to remain anonymous during the contract process, leaving the community curious about the future plans for the facility. While the city could offer tax incentives for potential remodeling or repurposing of the building, financial support from the government is not within their purview.
As the future of Golden Ridge Senior Living remains uncertain with the impending sale, residents and families are faced with the task of finding new housing solutions that meet their needs. The transition period will be a challenging time for all involved, as they navigate the changes and uncertainties that come with the sale of a senior living facility. Despite the challenges, the owners and local officials are committed to helping residents find suitable alternative accommodations, ensuring their well-being throughout this period of transition.