Group interested in adult facility in Gibson City
GIBSON CITY — The second meeting of the council-appointed assisted living committee revealed that a second development group is interested in locating an adult community facility in Gibson City.
JFG Development operates the 32-unit Autumn Fields facility in Hoopeston.
The company's principals are Bill Geis, the facility's executive director; Bill Fricke, chief executive officer; and Roger Jackson, construction manager.
The Hoopeston facility is JFG's first location, but Fricke said the group is interested in three or four more locations. He said the fact that Gibson City is actively seeking a senior-living facility "definitely piqued our interest."
He also indicated finding investors and financing would not be concerns but said finding property in a tax increment financing district "is a must." The group has a TIF agreement for the Hoopeston location that provides a maximum $940,000 in property tax reimbursement.
Fricke termed Gibson City's "relatively small" senior-living market as "marginal," even when considering the surrounding area.
He explained that Autumn Fields opened in October 2012 but has only a 44 percent occupancy rate, despite the fact that Hoopeston's population is 5,400 and it is the only assisted living facility in a 20-mile radius.
The group believes it takes independent-living units in addition to assisted-living units to make a facility viable.
JFG Development has looked at three properties in Gibson City and is interested in a 7- to 8-acre site. The locations being considered are the field east of County Market, the Railside Estates property north of the GCMS Middle School, and an area in the north end of Falcon Pointe Subdivision on the city's west side.