The Sheridan Press
From staff reports

Doug Osborn, president of Green House Living for Sheridan, announced in a press release Monday that the Joe and Arlene Watt Foundation on Dec. 10 approved a $400,000 grant to Alternative Elder Living Inc.  for the Green House Living for Sheridan project.

Robert Eberhart, president of the Watt Foundation, said the board agreed to commit the $400,000 in addition to its initial $100,000 in 2008 for a total commitment of $500,000 payable in minimum installments of $100,000 over five years.

Cost of the project is now $7.6 million, according to Green House Development Director Kay Wallick.

Osborn announced earlier this month that the estimated cost of building and opening four Green House cottages has been reduced from $9.7 million to $7.6 million due to lower construction costs and lower long-term financing rate than originally planned.

The new fundraising goal is now $960,000.  All fundraising and financing must be in place by March 31 to receive a $891,217 grant from the Wyoming Business Council for infrastructure.  If fundraising succeeds, project plans are to break ground next summer and open by 2011 at Cloud Peak Ranch west of Sheridan Memorial Hospital, according to Wallick.

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Printed in the Sheridan Press
Thursday, December 10, 2009
From staff reports

A sign describing the Green House Living for Sheridan project was placed at the former Maverick store location on Coffeen Avenue at Main Street Wednesday to celebrate progress at the Green House Cottages development.

Doug Osborn, president of Green House Living for Sheridan, announced this week that estimated cost of building and opening the grou Green House cottages has been reduced from $9.7 million to $7.6 million, due to lower costs of construction and a lower long-term financing rate than originally planned.

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