Magazine article University Business

Retirement Communities Revisited

Magazine article University Business

Retirement Communities Revisited

Article excerpt

Before the economic downturn, there was a growing interest in higher ed in integrating active adult communities with campus life. Residents would benefit from the amenities provided by a college town, while campus constituents would benefit from the perspective another generation could offer, and possible revenue through rents or membership fees. Interest sagged along with the real estate market--but is starting to tick up again. "There is renewed interest among universities and economic developers of college towns and land owners who are near campuses," says Gerard Badler, managing director of Campus Continuum LLC, a consulting company that helps plan such communities. "People are beginning to engage in the planning process."

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The planning process is taking place at Winthrop University (S.C.) in the form of a survey to gauge interest in the project from potential residents. Prior to 2008, campus administrators had teamed with city leaders to explore redevelopment opportunities for an old textile mill adjacent to campus, explains Rebecca C. Masters, assistant to the president for public affairs. …

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