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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (May 13, 1998)
Paye A7 MAY 13,1998 (Elje |Jnrtlanò (Obstruer (Lije |3 o rtla n ò OObsertip* Stadium Station Apartments Open Near MAX < L eft to Right Doug L eading o f Key Bank a n d Noell W ebb Portland D evelo p m en t C o m m issio n e r Photo by Time Je w e tt through Cascade Management Co. On the second floor plaza o f the apartments there. “This location o f I ri-Mct isoffering free transit passes new Stadium Station Apartments, housing next to light rail will make for the month o f May to all new Doug Leading o f Key Bank joins good use o f our transit inv estment Portland Developm ent C om m is residents. Ground-level retail spaces and should cut down on the need to sioner Noell W ebb during the offi drive automobiles," said PDC Com will be occupied by G alluzzo’s cial grand opening o f the building missioner Webb. The 115-unit com Pasta-Bella and a con venienee store/ on April 25. The building occupies plex developed by Grayeo Resources. coffee shop. a triangle at SW 17th and Yamhill at The Stadium Station apartments Inc., and Brian MeC'arl & Co. fea the MAX Civic Stadium Station tures affordable studio and one- and are among 6,700 housing units be site; the G oose Hollow light rail two-bedroom apartments. About halt ing built around Westside MAX sta tions committee originated the idea for the untis are occupied; leasing is S enior H ousíncj E xperts Discuss D eve I opment of AffoRchblE Assisrcc) L ívínq In one first forums o f its kind in the region, health care professionals, bankers and real estate developers joined forces today with representa tives from government and health service agencies to explore ways to develop sen io r housing options within the financial reach o f the ma jority o f the region’s aging popula tion. Nearly 150 professionals in volved in the booming assisted liv ing sector attended the forum, held at the Boston-based law firm Brown, Rudniek, Freed & Gesmer, to dis cuss the need for integrated solutions to what is quickly becoming an acute problem: how to finance, develop and operate an adequate supply o f affordable assisted living options to meet soaring demand. “O ne o f the worst situations to find yourself in today is to be over the age o f 65 and in failing health be cause unless you are among the very rich or the very poor, there are few affordable options for a continuum ofcare,” said Lynne Sweet o f Brown, Rudniek's Senior Housing Strategies Group. “The demographic trends no longer can be ignored. More people are living longer and they need greater access to care without leaving them selves and their families financially destitute.” One in eight Americans today is 65 or older, according to the U.S. Census Bureau. This segment o f the population is growing much more rapidly than the total population, outnumbering teenagers by two to one. However, it is those over the age o f 85 who represent the fastest grow ing demographic segment. Accord ing to the Census, the population over the age o f 85 will grow 39 percent during the 1990s and 33 per cent in the following decade. In the next 50 years, the number o f people over 85 will have grown by 180 per cent. More than 70 percent will live with one or more chronic conditions that require daily living assistance. As the population ages and as hos pitals, nursing homes and other cost lier medical facilities remain under pressure to discharge patients sooner, the demand for assisted living facili ties is grow ing at a phenomenal rate. By the year 2000, analysts predict are subjugated to the treatment of their disease. The lack ofa clear definition of the role assisted living plays within the health care continuum, however, makes developingand operating these facilities highly complex and expensive. that the $13 billion assisted living market will swell to over $30 bi I lion. The philosophy of assisted living makes it different from traditional mod els o f health care, in which individuals areconsidered patients whoseother needs .- ___ <■ , sio issa .JF .................... LOW PRICES! VÄ SAFEWAY FOOD & DRUG Va" G " 0 1 PORK Look For Your Safeway Weekly Shopping Guide In Your Oregonian FOODday in the Portland Metro Area ...and save more shopping at Safeway Van Camp’s Pork and Beans Whole or Rib Half Pork Loin Enjoy Extra Savings With The SAFEWAY EXTRA In-Store Savings Guide lboz. Custom Cut & Wrapped in one package. Assorted varieties. S A V E up to 80c lb. S A V E up to $1 .76 on fo u r Sirloin H alf $1.39 lb. Available at your Safeway store. 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