Friday, 04 October 2013 10:45

County Eyes Potential Buyers for Maplewood Manor

By Staff Report | News

BALLSTON SPA – The seven-member Maplewood Manor Local Development Corporation (LDC), which was formed early this year with thegoal to transfer ownership of the Saratoga County-funded nursing home, has narrowed the list of potential buyers to five. 

 

No names were released publicly at this time. Each potential buyer has pledged to pay at least $11 million for the 277-bed facility. Because the process of review and complete transfer of possession is expected to take at least a year, the county has had to budget $26 million to cover anticipated operating expenses in 2014. 

The CSEA attempted to stop the sale by filing a lawsuit.

 

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