Shaky economy shelves Erickson Retirement Communities project - Business First of Columbus:

http://www.yournewbestfriends.com/article/Join-The-Chocolate-Club-And-Give-The-Gift-Of-Chocolate.html
Last year, Erickson had reaches a deal with the Carrolll family to develop upto 2,00o0 housing units on 150 acres near Rte. 108 and Frederick Road near Ellicottg City. “It is regrettable that the current economifc conditions have caused the Carroll family and Ericksonj Retirement Communities to agree that now is not the time to move forwardc withdevelopment plans,” Erickson spokesman Mel Tansillp said in a statement. Tansil l said the Catonsville company may or may not revisir the project at alater date. The property includes the historicdDoughoregan Manor, an 18th century house and estate. It’s the latesy setback for Erickson.
The communities typically costbetweenj $200 million and $400 million to build and couldr have up to 1,500 apartments. Residents pay a one-timse deposit and monthly fee to live in anEricksonn community. For a one-bedroom unit, deposits start at $170,000p and monthly fees start at The monthly feecovers utilities, maintenance, security, cablew TV, property taxes and one meal per day. The deposit is refundable upona resident’s departure.