"Cover Story" piece on retirement homes in Maine. With special focus on Piper S
"Cover Story" piece on retirement homes in Maine. With special focus on Piper Shores in Scarborough, an up-scale retirement home that is adding 40 small, duplex-style cottages for affluent seniors who will pay $300,000 each to occupy them. Apartments in the main building range from $130,000 to $450,000. And most residents will also pay up to $3,000 per month, plus utilities, food and medicine. Conversely, the nonprofit New England Housing Initiatives is renovating an historic 1890 municipal building in Augusta that will provide 31 apartments when completed. The one- and two-bedroom units will rent for between $370 and $450 a month, and residents will enjoy common areas and at least one meal a day served in a community dining area. Also in Augusta is Granite Hill Estates, where Ernest Marriner, 81, paid $165,000 for one share of stock in the for-profit corporation and the right to live in a two-bedroom cottage. Marriner also pays $550 a month to cover basic services and six meals a month at the central lodge.
Haskell, Meg, ""Cover Story" piece on retirement homes in Maine. With special focus on Piper S" (2001). Maine News Index – Maine Times. 5546.