Three reasons to think about investing in long-term care/assisted living facility proposed for Moosomin
January 18, 2021, 11:08 am
For those interested in attending the investor information meetings for the long-term care/assisted living project proposed for Moosomin, there has been a third meeting added to the schedule Tuesday, January 19, at 6 pm, for those who find an evening meeting more convenient than taking time during business hours.
There were two meetings set for earlier in the day, at 10 am and 12:30 pm—the 10 am meeting was full by press time on Friday.
This is an important project, which could bring 15 full-time equivalent jobs, 14 long-term care rooms, and 28 assisted living units to our area.
It would mean seniors not having to “go up the line” or move to the city when they require additional care—they will have the opportunity to stay in the community they love.
And the best part is, we don’t have to lobby the government to bring this service to us—the power is in our hands!
If we can raise the money locally to invest in this project, we can bring this important project to our community. And the proponents have a very good investment case to make, which they will present to potential investors at these investor meetings Tuesday.
So, for people in the immediate Moosomin area—for the good of your community, I urge you to attend one of these investor meetings and consider investing in the future of your community.
I’ve had a couple of people tell me that they would like to see this project go ahead, but don’t know if they can afford to invest in the project.
Of course, they have been investing in health care whether they know it or not, and they invest in health care every time they pay taxes at every level in Canada.
For the past 13 years, and for two more years—2021 and 2022—Moosomin taxpayers have seen a portion of their municipal taxes go toward paying the local share of the cost of building the Southeast Integrated Care Centre.
The cost of paying off the loan on the facility is about eight per cent of the local tax levy in Moosomin. It was a higher proportion of the tax levy when it started 13 years ago, when the tax base was much smaller—before there were hotels along the Trans-Canada Highway or many of the new commercial developments that have come along.
Let’s estimate conservatively that it averages out to 10 per cent of the local tax levy for the 15 years the town is paying off the loan for the SEICC.
If ten per cent of your municipal property tax bill has been going to pay for this facility for 15 years, that’s the equivalent of 1.5 times your annual municipal tax bill that you have invested in the Southeast Integrated Care Centre—in addition to what you may have donated during the fundraising campaign when the facility was being built.
And it’s been a great investment for your community—it has helped Moosomin grow and has helped countless people with their medical needs over the years.
So if you pay property taxes in the local area, you have invested in a health care facility that has brought a lot to the community.
Now you have the opportunity to invest in another facility that:
1) Will bring a lot of benefits to the community as it is one additional service and will create 42 new living units;
2) Will allow people to stay in the community they love instead of being shipped to a nursing home in another community at the point in their lives when they need their friends and family more than ever;
3) AND that you can own a piece of as an investor and could see a decent return on your investment.
Because of Covid-19 restrictions, you must pre-register for the investor information sessions by emailing moosominedo@sasktel.net or phoning 306-532-3157.
