An assisted senior living facility located in Smyrna is slated to open on April 9.
The facility houses 108-units and was financed with tax-exempt bonds, according to the Marietta Daily Journal.
“The three-story Provident Village at Creekside is located at 4838 South Cobb Drive between the East-West Connector and Interstate 285,” the article reads. “It includes 85 assisted living units and 23 memory care units dedicated to residents struggling with dementia, according to a spokesperson for the Baton Rouge-based Provident Group, the parent company of developer Creekside Properties LLC. Eventually, the facility will also offer independent living options.”
Suites range in price from $3,500 to $5,400 month, with about 20 percent reserved so far, the spokesperson said.
The Board of Commissioners is set to vote on whether to approve the issuance of tax-exempt interest bonds by the Development Authority of Cobb County in the amount of $19 million to complete the project, according to the MDJ.
The MDJ reports the proposed “refunding revenue bonds” amount to a refinancing of $14.5 million in bonds the authority issued in 2014, as well as an additional $4.5 million in new funding. The developer ran into construction obstacles that required extra funding.
The developer, not the authority or the county, is responsible for repaying the bonds plus interest.
The facility is expected to create 41 new jobs.
Smyrna was recently named one of the safest cities in Georgia by SafeWise.com. Smyrna offers a variety of community education services for its residents, including drug and alcohol awareness, which may help keep this city safe. Smyrna is not only a proud member of the Cobb County school district, but it also supports the Smyrna Education Foundation, which is active in the educational advancement of Smyrna’s public schools. Smyrna offers a wealth of activities for children and adults of all ages, including everything from Abrakadoodle Yummy Art Camp and Advanced Tumble Bears to adult co-ed sports and senior fitness classes.
There are approximately 321.4 million people residing in Smyrna as of July 2015, according to the U.S. Census Bureau. About 15 percent of the population is 65-years-old or older.