Port authority approves lease for nursing facility
The Western Reserve Port Authority OK’d Wednesday a capital lease agreement with a property development and management firm to build a skilled nursing facility in Boardman.
EDM Management Inc., Boardman, which also manages several nursing and assisted living facilities in Mahoning County, wants to build Briarfield Place, a 51,000-square-foot center in the northwest corner of the intersection of McClurg Road and Market Street.
Under terms of the agreement with the port authority, it will own the project and lease it back to EDM for a period of time, typically five years. It’s a financing mechanism that port authorities in Ohio have available to exempt sales tax on construction-related materials.
The facility is estimated to cost $12 million with about $9.5 million for construction, said Anthony Trevena, economic development director for Northeast Ohio Development and Finance Authority, the port authority’s economic development arm.
Trevena said he believes EDM will “start moving dirt” on the facility that will have 58 private units in the next 30 days.
The new facility will employ about 70 people, according to the company. Proximity to St. Elizabeth Boardman Hospital played a role in site location. EDM already owns the land.
“The location allows for convenient access to acute care services for our future patients, as well as a convenient referral site for the hospital. (It’s) a benefit to the Boardman community as a whole,” said Edward Reese, CEO of EDM.
EDM Management manages Briarfield Manor and Briarfield at Ashley Circle in Austintown, The Inn at Christine Valley in Youngstown, The Inn at Ironwood in Canfield, The Inn at Glenellen and the Villas at Glenellen in North Lima, The Inn at Poland Way in Poland and The Inn at Walker Miller in Boardman.
The port authority previously worked with EDM under the same lease program for The Inn at Poland Way in late 2015 / early 2016, Trevena said.