Mixing Up The Generations

Recently, an interesting headline caught my eye about the “Senior” class of Arizona State University Tempe, Arizona campus. No, I am not writing about those students who are ready to graduate.

There is a movement to build apartments for SENIORS (yes, the older generation) on the campus of the university.

“Arizona State University is looking to put a new twist on senior living in Arizona by opening a retirement community on a college campus.”*

*New kind of senior living: ASU wants retirement community on Tempe campus By Mike Sackley | April 13, 2016 @ 5:15 am KTAR news

Yep, it would be a campus for and of retirees! The proposed ‘senior’ development would consist of 230 units for independent living retirees and 60 units for those retirees requiring assisted living.

The upside: proximity to vibrant young community; promised benefits: ability to audit classes; dining, health club and game room on premises; student i.d. for library use;  concierge services;  possibly even a doctor on call. It will remain to be seen whether all or most of these benefits are achieved by the developers.  Things are currently in the planning stages for the project.

The downside – proximity to community of ‘youth’ with possibly different ideology/values from your own; costs/fees (although these have not been established; the costs of all of the above could be outside the reach of many retirees…time will tell.)

The concept: Although intergenerational developments are not unique, the concept of having such a development as part of a college campus definitely is unique.

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About Attorney Barbara Ann Dalvano

Attorney in Denver, Colorado with extensive practice experience in the areas of Estate Planning, Wills and Trusts, Business Succession Planning, Probate, Contract Law.

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