Benefits
Rivers Edge will not only provide active adults and seniors an amazing place to live, it will also strengthen the economy of Trumbull, which has missed out on this site’s full tax potential since United healthcare left.
The community benefits this project will bring include:
Commerce
Jobs
Tax Revenue
Parking and Amenities
Positive Impact on Schools
Emergency Services Not Greatly Impacted
Commerce
- Boosts commerce for local merchants with a new customer base to attract
Jobs
- Hundreds of construction jobs created over the build out period
- 50 permanent jobs at the assisted living facility
Tax Revenue
- Could generate appx. $2 million per year in tax revenue for Trumbull
- That is almost five times more than the current tax yield
- Additional revenue supports local schools, infrastructure and services
Parking and Amenities
- Underground parking for the IL/AL/MC building and covered parking garage for the Active Adults
- Best-in-class resident amenities including a pool, workout room, walking trails and more will make Rivers Edge a premier place to live
Positive Impact on Schools
- ZERO school children will be added to the school system
- And yet significant tax revenue will be generated to support the district
Emergency Services Not Greatly Impacted
- Minimal increase in emergency services (not a skilled nursing facility) and trained caregivers on-site