Dysart Development Corporation Receives Ripple Effect and FCTC Grants
The Dysart Development Corporation (DDC) is the recipient of a $2,500 Ripple Effect planning grant to assist with a feasibility study for the development of an independent living facility. The application was made to Aureon by Farmers Cooperative Telephone Company (FCTC), the city's full-service telecommunications provider on behalf of DDC. FCTC will match the Aureon grant to make a total of $5,000 available for the study which is estimated to cost $7,500.
"The Ripple Effect grant in addition to our matching grant will allow DDC to proceed with the development feasibility study for the project. We hope this is the first step leading to other partners investing in an independent living facility here in Dysart" says Shelly Franzenburg, General Manager of FCTC. The consultant selected to conduct the feasibility analysis is Bryce Davis with the Advanced 360 Service Center.
Mr. Davis will analyze the cost to design and build the facility, identify potential financing mechanisms, management structures, and develop a financial pro forma for the entire project from design/build to operating the facility. A final Foresight Assessment Report will provide a detailed analysis of the findings and recommendations to DDC to move forward with the project.