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Special Report - The Retirement Industry - October 11, 2012
Riverview looks to secure up to $20 million in bonds
Funds would refinance debt, pay for aquatics project, major remodels

By Mike McLean
Of the Journal of Business

The $4.2 million aquatic and fitness center at Riverview Retirement Community starts to come out of the ground. The proposed bonds would pay off that project and others.
The $4.2 million aquatic and fitness center at Riverview Retirement Community starts to come out of the ground. The proposed bonds would pay off that project and others.
—Staff photo by Mike McLean
Riverview Retirement Community says it plans to pay for a major remodel, refinance debt, and fund ongoing construction through the sale of $16 million to $20 million in tax-exempt revenue bonds.

The majority of the bonds would fund remodel projects at the 153-unit Riverview Terrace independent- and assisted-living apartments and the 75-unit Riverview Lutheran Care Center nursing facility, says Patrick O'Neill, Riverview's president and CEO.

The 28-acre Riverview Retir...


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