USA need in one structure ,” he adds .
With the whole of the bottom floor dedicated to a mall comprising of restaurants , shops , a day spa , retail pharmacy , a daycare for staff and a senior ’ s clinic , the finished structure will be quite the achievement .
Smart investment As a not-for-profit charity , the question on everyone ’ s lips will be centred around investment , how much is this going to cost and where that investment will come from .
The answer rests in the close partnership with Alberta Health services in which GSS will transfer operating agreements that will generate income to the new seniors environment . This will require the sale of existing land to offset what GSS ’ capital contribution would be . Terlson admits the cost of construction alone is upwards of around $ 90 million .
But one thing is clear , the end goal is the better servicing of the residents .
“ There are a lot of moving pieces . We want to use our equity from the sale of our existing lands back into the property to make it more cost effective for Alberta Health Services so we can provide better care for their seniors ,” says Terlson .
“... do we throw good money at the bad or should we work with our partners ?”
– Shawn Terlson , President and CEO of The Good Samaritan Society
Building blocks With a potential construction date of spring 2018 and aiming at a fall 2021 completion ready for occupancy in September that same year , there have been and will continue to be a number of significant challenges that Terslon and the GSS must overcome to get there .
The major challenge for Terlson to date was the location and acquisition of that 12-acre parcel of land integrated into a neighbourhood and not on the outskirts . This was key in the process of establishing the homelike environment of the complex .
Despite the project being in its
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