Port to issue bonds for facility

The Lake County Port and Economic Development Authority is in the process of issuing bonds for the development of a senior assisted living and memory care facility in Wickliffe.

The Port Authority’s board approved an inducement resolution at its most recent meeting to start the process of issuing up to $48 million in bonds to finance the project.

Minnesota-based LaSalle Development Group Ltd. initiated the project that will be developed and eventually operated by Tapestry Wickliffe, LLC.

The facility will be located at the former

Mosley Select Suites sites at 28500 Euclid Ave. The site has been vacant since 2014 after the hotel was determined to be a nuisance because of safety issues, unsanitary conditions and violations of the zoning code, specifically fire codes.

In November 2016, Wickliffe residents overwhelming voted to rezone the property from general business to private recreational/institutional.

According to the Port Authority, Tapestry will completely renovate the facility and create 167 unites. Of that, 111 will be senior assisted living and 56 will be memory care units.

Also included will be a commercial kitchen, salon, spa, offices, physical rehabilitation facilities and other miscellanies support facilities.

Once fully occupied, the facility is expected to create approximately 80 fulltime jobs and 20 part-time jobs.