After more than two years of work on the project, Gracewin Living Cooperatives has made the difficult decision to suspend development of its senior housing cooperative planned for construction along Vanrooy Drive near Highway 32 South in Thief River Falls.
There were several factors contributing to the decision, including the current costs of construction materials and supply chain issues. But, ultimately, it boiled down to challenges in constructing the building on the available land in a way that would allow pricing to remain cost-effective for future shareholders.
The Gracewin team continues to focus on the opening of its Baxter cooperative, scheduled for April 2023 and will soon launch another location in Bismarck, N.D.
Read the rest at Thief River Falls Times
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