Wednesday, September 11, 2013

Croy Canyon Ranch ends its campaign

Group had advocated nonprofit senior care

Express Staff Writer

    After more than five years of promotion and fundraising for the construction of a nonprofit senior-care facility in the Wood River Valley, the Croy Canyon Ranch Foundation is calling it quits.
    The foundation announced on Friday, Sept. 6, that it had determined that its planned retirement community in Croy Canyon west of Hailey was unlikely to succeed in the current economic environment and the significantly changed local market for senior living and continuing care.
    Foundation Executive Director Kathleen Eder said in an interview that despite a decision by Blaine County commissioners in February to turn over skilled-nursing care to Safe Haven Health Care, a private company, board members still felt there was a need for a continuum-of-care facility that also includes independent living. However, she said, that decision combined with a still sluggish economy and lower values for seniors’ houses convinced a majority of board members to end their efforts. She said the decision was made by the 15-member board during a meeting on Sept. 5.
    “It’s a disappointment for our board and for the people who wanted to see a facility like that in the Wood River Valley,” she said. “But we had too many hurdles to overcome.”
    Eder declined to comment on whether the decision was unanimous.
    A news release stated that the foundation has notified all its donors about the decision and the process being followed to close operations in accordance with state and federal law. Eder said at least 200 donors made a variety of types of donations and pledges since the foundation’s fundraising drive began in 2008.

We had too many hurdles to overcome.”
Kathleen Eder
Croy Canyon Ranch Foundation

    The foundation took title to a 20-acre parcel of land in Croy Canyon in 2006. Eder said the foundation still owes payments on the land and has not yet decided what to do with it. She said the parcel had suffered little impact from the Beaver Creek Fire.
    Eder said the foundation will move out of its office in Blaine Manor to another site in Hailey in about two weeks, but has not made any decisions on whether it will have a mission in the future.
    “We’re just talking about what we need to do in the short term,” she said.
    Board President Anita McCann said the board still believes there will be unmet needs of seniors in Blaine County.
    “Perhaps in the future those needs can be met in another way by others,” she said.
Greg Moore:

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