The Cambridge Assisted Living
ICC4 West Main, LLC. (The Cambridge Assisted Living) reconstructed and renovated a former hotel of approximately 20,000 square feet into a NYSDOH licensed Adult Home/Assisted Living Residence. The housing and care of senior citizens include the provision of meals, housekeeping, laundry services, transportation, coordinated activities, case management, medication management, assistance with personal care, and nursing services.
The total project cost was estimated at $2,203,404, and the WWIDA provided sales tax exemption of up to $44,750, mortgage tax exemption of $21,445, and a partial real property tax abatement through a PILOT Agreement at an estimated value of $72,100 during the 10-year term to help facilitate this project.
They had 22 employees prior to this renovation, and 55 employees were reported in 2022.
$431 Million
In direct construction investment over three years.
$269 Million
In revenue to local municipalities and school districts over 30 years.
Additional
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