The future of Balaton’s Lakeview Senior Housing facility appears to be in good hands.
The sale of the facility to MN Signature Care was finalize last week. MN Signature Care has managed the assisted living facility for four years, and Balaton Economic Development Director Tara Onken said it’s a very positive partnership.
“They just like to have control over their locations and lease rates,” Onken said. “From a City perspective, it’s nice to have it back on the tax rolls. Owning facilities like this was commonplace for municipalities in decades past, but really with new laws and regulations, it’s just not ideal for a City or EDA entity to own.”