TICONDEROGA - A plan to renovate the old Moses-Ludington Hospital into senior citizen apartments is on hold.
Liberty Affordable Housing, the company that proposed the project, failed to secure the expected grant funding, Ticonderoga Supervisor Deb Malaney said at the Sept. 9 town board meeting.
"It's quite disappointing," Malaney said. "We thought we had a very, very strong grant application."
Malaney said the project is not dead. Liberty Affordable Housing will re-apply for grant funding, she said.
Company officials told the Ti town board in January it had cleared all hurdles except financing, although that approval was expected in August. It didn't happen.
The $4 million renovation would have created 28 apartments, a community room, common areas, a multi-purpose room, lounge, laundry, storage, security office and lobby in the building adjacent to the current hospital. The three-floor building would have been made handicap accessible.
Construction was scheduled to start in the spring of 2011 with the first tenants moving in 18 months later.
Liberty and Ti officials had been working on the project the past four years. The process included an Adirondack Park Agency map change in 2007 that made the project exempt from Adirondack Park Agency oversight.
The old MLH building is owned by Inter-Lakes Health, which owns and operates the current hospital, nursing home and adjacent Lord Howe Estates senior housing complex. The plan was for the senior apartments to be operated by CRM Rental management, which now operates Lord Howe Estates in conjunction with Inter-Lakes Health.