Cedar Valley News

 
Two Chicago-Area, One Florida Company Put in Bids for Country View
Fourth Firm May be Interested as Well
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Three private companies, maybe four, are interested in buying the money-losing Country View care center north of Waterloo.

Black Hawk County, which owns and runs the 168-bed nursing and mental health care center, received letters-of-intent from three firms offering purchase prices ranging from $5.4-million to 5.6-million. A potential fourth offer was not among the preliminary bids when the county's board of supervisors met behind closed doors to look at and discuss the proposals.

The board voted 4-1 in March, with Supervisor Chris Schwartz casting the lone "no" vote, to hire national broker Marcus & Millichap of Chicago to market Country View, one-of-two remaining county-owned nursing homes in the state. Country View has been losing thousands of dollars every month for several years and will be subsidized by a $2-million property tax subsidy beginning in July.

Final bids will be opened May 29th at a public hearing, while a group of Country View employees has gathered more than 2,000 signatures on petitions calling for the county to keep the facility and come up with ways to make it more cost-efficient.

  • KXEL News is your source for local news in the Waterloo/Cedar Falls area. KXEL is the voice of the Cedar Valley.

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