Wake Robin Corporation owns and operates a well-run, highly-respected nonprofit continuing care retirement community in Shelburne with approximately 330 residents. VEDA has worked with Wake Robin since inception, issuing tax-exempt bonds to help provide low-cost funding for its construction and growth.
Most recently, VEDA issued new bonds to finance a substantial new expansion and renovation of the facility and refund some of its debt at a lower rate. The new expansion currently under construction includes building a new 63,000 square-foot, 38-unit Independent Living apartment building; renovating and adding a 6,800 square-foot addition to the Health Care Center; and improving and expanding the Community Center with its dining center and recreational facilities.
Wake Robin has created a significant number of good-paying jobs in Shelburne. Its workforce, comprised of full-and part-time staff, is expected to grow to 195 full-time equivalent employees as a result of the expansion project.