Ve HAVTHORNS LODGES
Port Coqiitlam's new Personal Care Home
"Hawthorne Lodge" 4s owned br the Port Cocuitlam
Senior Citizens Housing Society, a non-profit
organization. The Society advertised for proposals

for construction ani} operation of the Lodge.

Beacon Hills Management Ltd., a Jinnipeg based
firm with operations in British Columbia got the .
contract.

No private money was needed to get the building
in’ operation. The city gave the land for j1 to
the Society and rezoned the land a "Development
Area", Central Mortgage and Housing Corporation
mortgaged the building and the land. No taxes
are’ Being” paid this vear ani the understanding

cod

4s that none will be next. Since the Society

-hold the mortgage, narvments oresumably are the

responsibility of the non-nrofit group. 'g under-
stand these are substantial. .

The profit that arises out of the development
of Hawthorne Lodge is first of course to Inper ial
Construction, an arm of Beacon Hills Management,
who built the building. In addition, a further
profit accrues to Beaeon Hills Management who is
to be said a mansgement fee of $200/resident/year,
Por a sae hunmtred int sixtresix bed eapackty tnis

amounts $9 $23,290/verr. Just what service