All four donations will help build a senior center and 25 low-income, senior housing units in Belltown. Plans for the new Belltown facility have been developed and refined during the past 18 months.

"Our capital campaign is energized, and we are off and running," says Jan Knutson, president and chief executive officer of Senior Services. "These gifts represent a positive and affirming message that seniors are family in this community, and that seniors matter. Due to the generosity of these four philanthropic leaders, we have now achieved 56% toward our total campaign goal and we will soon be able to break ground."

Major components for the Senior Services Comprehensive Capital & Endowment Campaign include:

-- An 8-story mixed-use building located in Belltown with the first three floors devoted to program and administrative support space for Senior Services. The remaining five floors will be devoted to 25 units of housing for low-income seniors.

-- A range of Senior Center upgrades and capital expansion consisting of furniture, computer, and van purchases, the addition of an elevator at Central Area Senior Center, and a complete renovation at the West Seattle Senior Center.

-- Purchase of additional vans and freezers to support expansion of Senior Services' Meals On Wheels and Minor Home Repair programs.

-- Endowment to cover future ongoing operational expenses, which will allow the agency to direct a larger portion of funding directly to program and Center support.

The low-income senior housing portion of the Belltown facility, already financed through support from both local and statewide public sources, will be ready for occupancy by December 2002, with Senior Services moving into new program and administrative space shortly thereafter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.