Few changes in Garfield renovation plans - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 18, 2019 Newswires
Share
Share
Post
Email

Few changes in Garfield renovation plans

Abilene Reflector-Chroncle (KS)

Sep. 18--Plans to covert the former Garfield Elementary School into senior housing didn't change much the past year, was only delayed, attorney Bob Johnson for Gilmore and Associates told the Abilene City Commission at a study session Monday.

"Those of you who have heard of the project before, you are not going to see anything much different," Johnson said. "The product that we had intended to introduce in 2018 is still the project that we are going to introduce today."

About the only change is the cost of phase one which is renovation of the current building that increased from $4.5 million to $5.

"What have we been doing for the past year and a half? Certainly not sitting on our hands," he said.

He said Andy and Josh Gilmore, who attended the study session, had been working on coordinating a construction lender with that of an investment in historic tax credits.

The project is expected to receive both state and federal tax credits as Garfield is listed on the National Register of Historic Places.

"That is very challenging to pair up different parties that want to be on the same timeline for financing a project on similar terms that everyone can get into the boat together," Johnson said. "It's not just them and the lender. It's not just them and the investor. It's all the parties coming together to make the deal work."

Investors

There are now two committed parties.

"They are barreling toward a closing on that financing within quarter four of 2019," he said.

"It's good to see some progress," said Mayor Tim Shafer.

A request to the city commission is the issuance of industrial revenue bonds to exceed $10 million for the project.

The city commission approved the issuance industrial revenue bonds for the Garfield project on a 5-0 vote on April 23, 2018. However, since nine months have passed, the commission must renew the bonds again.

He said the transformation of Garfield is ready to go.

"It is an absolutely necessary critical need in this community. We all discussed that the last time we were here. In and around this region there is a need for high-quality senior living," Johnson said.

Need

The residential facility is designed for those 55 years of age and older. Planned are 16 one-bedroom units which will rent for $2,200 per month said Andy Gilmore. The three two-bedroom units will rent for $2,600 per month.

Plans are to preserve the exterior of the building, to restore the original doors of the rooms and to recreate the lighting that was in the gymnasium.

"The goal is to keep the historic feel," Johnson said.

Garfield was opened in 1942 and closed in 2015 when Eisenhower Elementary School was opened.

"At the time that it closed, the school district wanted to identify a developer that wanted to make an adaptive reuse of the building and preserve some of its historic character," Johnson said. "It's such a unique, cool building."

The bonds will be used for the first phase consisting of the renovation and rehabilitation of the Garfield School building, 300 N.W. Seventh Street, into 19 senior living independent units and related amenities and phase 2 is a future expansion of the facility on a vacant site east of the Garfield School building.

The first phase is expected to be completed next year.

Funds will be used for renovation, remodeling, construction, furnishing and equipping of a multi-phased senior independent living facility.

The city commission is expected to review the request at the Sept. 23 regular meeting.

In other business, the commission discussed extending the contract for Dennis Kissinger for consulting services until the end of the year.

Kissinger, a former interim city manager for Abilene, was hired in June when Jane Foltz was selected as interim city manager. Foltz is also the director of the Abilene Parks and Recreation Department.

The anticipated work schedule is between 1 and 2-1/2 days a week, being compensated at a rate of $320 per day or $160 for a half day.

The commission generally does not meet on a fifth Monday of a month but Foltz said a study session will be held on Sept. 30. The commission will not meet on Oct. 14 as commissioners will be attending the League of Kansas Municipalities annual conference on Oct. 13 and 14.

Contact Tim Horan at [email protected].

___

(c)2019 the Abilene Reflector-Chronicle (Abilene, Kan.)

Visit the Abilene Reflector-Chronicle (Abilene, Kan.) at www.abilene-rc.com

Distributed by Tribune Content Agency, LLC.

Older

Unlicensed contractor scammed elderly homeowner out of $60K for ‘little to no work,’ cops say

Newer

Car smashes into lobby of Trump Plaza in NYC suburb

Advisor News

  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
More Advisor News

Annuity News

  • AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
  • OID recovers $260M in life insurance benefits
  • NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
  • Regulators urged to sharply limit hypothetical data in annuity illustrations
More Annuity News

Health/Employee Benefits News

  • Healthcare access, treasurer says, improved for State Health Plan
  • EXPERTS AGREE: HIGH AND RISING MEDICAL COSTS CAUSING AFFORDABILITY CRISIS FOR CONSUMERS
  • AM Best Assigns Credit Ratings to Niva Bupa Health Insurance Company Limited
  • Rising healthcare costs force employers to rethink coverage strategies
  • 40% of Americans believe Medicare will pay for LTC
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • A-Cap insurers face new takeover push in South Carolina
  • AM Best Affirms Credit Ratings and Assigns National Scale Rating to Allianz Ayudhya General Insurance Public Company Limited
  • Winged Keel Group Welcomes Scott Henderson, Expanding Institutional Relationships and Presence Across Midwest
  • Former Wynn principal Sheckles claims age discrimination
  • OID recovers $260M in life insurance benefits
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.