As more people enter continuing care retirement communities, a bill in the North Carolina General Assembly would create new rules for those facilities. The legislation is partly in response to serious financial troubles at Aldersgate, which is one of Charlotte’s oldest and best-known retirement facilities.
Marshall Terry: OK, before we get to the legislation and what it would do, let’s talk about Aldersgate. What’s going on with the financial situation there?
Cristina Bolling: Just to kind of take a step back — because this is kind of an industry that’s foreign to a lot of people; it was to me before I started reporting so much on it — Aldersgate and these continuing care retirement communities offer multiple levels of care to their residents, from independent living to assisted living and memory care…