The Nursing Home has finally changed hands. There may have been disagreement on whether to sell the home or not, but neither side of that debate appeared to want to see the budgetary limbo continue during these delays. From the News-Gazette's eEdition this morning:
Nursing home sale finalized, at long lastFull article now available on their website here and also their eEdition with more details about the sale terms and the delay chronology. It will likely be on their main website later this morning. For the last Cheat Sheet post detailing the delays: Nursing Home Sale Delay Update. The previous recent posts with the "Nursing Home" label talked about the latest County Board actions on funding during the delay here.
After months of delays and financial bailouts, the former Champaign County Nursing Home in Urbana has officially changed hands.
County officials finalized the sale to the new owner Monday, according to County Executive Darlene Kloeppel...
The new name of the nursing home at 500 Art Bartell Road is University Rehabilitation Center of C-U, and the legal entity operating the home is University Rehabilitation Center of C-U LLC.
While the final sales price remained the originally-agreed-to $11 million, there were $1,340,000 in credits made to the buyer that were negotiated as adjustments against the final sales price, Kloeppel said.
The credits resulted mostly from issues identified by the buyer based on the condition of the building, Kloeppel said. Plus, she said, the county didn’t meet certain closing conditions on time, so the buyer waived certain legal rights in exchange for financial considerations.
[UPDATE 4/5/2019: WILL had additional coverage here that got into more details.]
No comments:
Post a Comment