Crain’s Chicago Business recently ran an article entitled, “Upscale senior home The Clare averts default after cancellations soar”, that discusses some of the challenges and strategies that the high-profile continuing care retirement community is currently facing. The high-profile, 52 story high rise has attracted national attention for its lawsuit arguing it should be exempt from property taxes and it tapping reserves to make bond payments in 2009.  Look for more on The Clare in the future profiled here at Senior Housing News.

http://www.chicagobusiness.com/cgi-bin/article.pl?articleId=33074