From the notebook of business editor Tim Rausch

$35 million retirement campus coming

CSRA Senior Living Inc. received two approvals that will allow it to build a $35 million retirement campus in Aiken.

After three years of working on the facility, the company got state approval of its certificate of need and tax-exempt bond financing.

The campus will be on 20 acres and will have 60 long-term-care skilled nursing, 20 short-term Medicare Rehabilitation, 20 assisted-living and 20 dementia-care rooms in 12 homes.

It also means more than 100 jobs.

The plan is to have everything ready in mid-2014.

“Small Houses deliver all of the clinical services required for quality care but in a decidedly residential setting. There are over 150 of these campuses across the nation but we are the first to be approved in South Carolina," said John Oakland, the chairman of the nonprofit board.

The developer on the project is Cornerstone Senior Living, which operated Brandon Wilde in Augusta from 1986 to 1997.

 

A NATION OF LARGE DEBT: The monthly survey from a credit Web site has a lot of big numbers for the ‘‘average’’ consumer.

This data came out in January, so all of that holiday shopping would be included.

Credit Karma says that nationally, the average consumer with an account had:

  • $5,487 in credit card debt
  • $169,285 in mortgage debt
  • $16,616 in auto loan debt $29,449 in student loan debt
  • A credit score of 648

 

GOVERNOR IN AIKEN: Gov. Nikki Haley and the South Carolina Department of Commerce are holding a rural summit in Aiken on March 4.

Leaders will come together to share ideas about how to make their communities more competitive in attracting investment.

 

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