In another of many signs of the damage being done by the U.S. economic downturn, RainbowVision, the Santa Fe LGBT retirement facility GrayPrideParade first wrote about on February 25, has filed for Chapter 11 bankruptcy protection.
The New York Times also reports that the recession, which impacted RainbowVision primarily because so many people have been unable to sell their homes to move to the community, led management to increase the monthly fees charged to existing residents. This has, in turn, led to rancor and division, with some residents refusing to pay the fees, thereby creating more financial pressures.
The Times goes on to report that this is the second LGBT retirement community to file bankruptcy papers; the Palms of Manasota near Sarasota, Florida, filed for Chapter 7 bankruptcy last year. In addition, “a development near Portland, Oregon is struggling at 25 percent of capacity,” and proposed communities in Austin, Texas; Boston; and near Phoenix, Arizona “never opened because of a lack of finances and a decline in real estate values.”
The full article is available at http://www.nytimes.com/2011/10/29/us/gay-retirement-communities-struggling-in-the-recession.html; the Times charges online users once they have accessed a certain number of articles in a month’s time.
Looking for a wonderful vacation spot? Consider visiting beautiful Santa Fe, New Mexico and staying at an LGBT…retirement community!
RainbowVision Santa Fe doesn’t call itself that, with good reason. “Your community for the second fifty years” seems more like a high-end spa, with its gourmet-chef’d Garbo’s restaurant, SilverStarlight Cabaret & Lounge, Billie Jean King Fitness Center and Spa, Truman Capote Library, Edward Scissorhands Salon, Spectrum newsletter, and concierge services. All of its public rooms are named for famous LGBT people and usually feature marvelous portraits of these pioneers. Its social activities run the gamut from more traditional aging fare like seminars on eating healthy to the very non-traditional and well-attended drag shows.
RainbowVision isn’t even solely for retired people. Working people in their 40s and 50s have moved into some of RainbowVision’s 146 condos, wanting to take advantage of its easy social life and many daily living amenities. Visitors of any age are welcome, too: RainbowVision maintains a set of fully-stocked condos that can be rented out by the day or week. Not LGBT? Not a problem! Joy Silver, RainbowVision’s dynamic President and CEO, told me a hefty number of residents aren’t LGBT. Some are the parents of LGBT couples, who are drawn by the idea of having high-quality assisted living services for their mom or dad just steps away from where they dine, work out, and socialize. But other heterosexuals move in simply because they love the feeling of living in the midst of a very connected and caring community. That was one of the strongest goals in designing RainbowVision, Joy says, calling it a “living laboratory” for how to build not just a physical community, but a psychological one.
Speaking of community, if you visit RainbowVision, make sure you plan for plenty of sidewalk ogling in Santa Fe; Joy told me that an estimated 21% of Santa Fe residents are LGBT, which must make it one of the queerest places on earth.
Check it out:
RainbowVision’s website: http://www.rainbowvisionprop.com/
Facebook page: http://www.facebook.com/#!/rainbowvisionsantafe
Joy Silver’s blog: http://rainbowvisionprop.blogspot.com/