SUNRISE VALLEY APARTMENTS ARE SOLD

The Sunrise Valley Apartments in Lancaster

have been sold. The Board for the Lancaster

Housing Authority has accepted an offer from

Wisconsin Management Company Incorporated

of Madison.  Under the terms of the offer,

Wisconsin Management Company will

assume the debt of the property, which is

over $1-million. It will also release the

City of Lancaster as the backer of that

debt,  in case of default. Estimated purchase

price is just over $1-million, and the sale should

close sometime this Spring. Sunrise Valley

consists of housing for senior citizens, and for

the elderly with low income.

The sale could open the way for renovations that

were proposed for the  apartment complext,

last year. 

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