Rome, Georgia, October 27, 2025
Floyd County commissioners are set to deliberate on the issuance of bonds that would financially support the development of The Spires at Berry College. This initiative in Rome aims to not only create new housing options but also enhance educational facilities, further fostering community growth. If approved, this funding could significantly accelerate the project’s timeline, aligning with the region’s ongoing expansion efforts.
Rome, Georgia – Floyd County Considers Bond Issuance for The Spires at Berry College Development
Floyd County commissioners are evaluating the issuance of bonds to support The Spires at Berry College, a development project in Rome aimed at enhancing housing and facilities to foster educational and community growth. Approval of this bond issuance could expedite the project’s timeline amid regional expansion.
Project Overview
The Spires at Berry College is a continuing care retirement community situated on the campus of Berry College in Rome, Georgia. The development includes 144 apartment units and 26 free-standing cottage homes, designed to provide a range of living options for seniors. The community features amenities such as dining venues, an indoor saltwater swimming pool, a fitness room, a beauty salon and spa, an arts studio, and a multi-purpose room for special events. The project began construction in October 2018, with the first residents welcomed in June 2020. As of June 2020, more than 70% of the community was pre-sold, and over 80% of residents were not affiliated with Berry College but had come to think of it as their new home campus. Residents look forward to enjoying all the amenities of the college, including auditing classes alongside students.
Bond Issuance Details
The Floyd County Development Authority has previously issued revenue bonds to finance projects like The Spires at Berry College. For instance, in 2013, the authority issued Retirement Facility Revenue Bonds for the Spires at Berry College Project Series. These bonds were structured with a coupon rate of 5.750% and a maturity date of December 1, 2033.
Implications of Bond Approval
If the Floyd County commissioners approve the bond issuance, it is expected to accelerate the development of The Spires at Berry College. This acceleration could lead to the completion of additional housing units and facilities, thereby enhancing the community’s capacity to serve a growing population. The development is part of a broader regional expansion aimed at improving housing and facilities to support educational and community growth in the area.
Background Context
The Spires at Berry College was planned by the Berry College Board of Trustees several years ago, with the vision of creating a world-class continuing care retirement community on their campus. The project has been executed with great care and precision, reflecting the college’s commitment to providing quality living options for seniors. The development has been well-received, with a significant portion of residents being pre-sold and expressing satisfaction with the community’s offerings.
Frequently Asked Questions (FAQ)
What is The Spires at Berry College?
The Spires at Berry College is a continuing care retirement community located on the campus of Berry College in Rome, Georgia. It offers 144 apartment units and 26 free-standing cottage homes, along with various amenities such as dining venues, an indoor saltwater swimming pool, a fitness room, a beauty salon and spa, an arts studio, and a multi-purpose room for special events.
When did The Spires at Berry College open?
The Spires at Berry College began construction in October 2018 and welcomed its first residents in June 2020. As of June 2020, more than 70% of the community was pre-sold, and over 80% of residents were not affiliated with Berry College but had come to think of it as their new home campus.
What is the purpose of the bond issuance?
The Floyd County commissioners are considering issuing bonds to support The Spires at Berry College development project. Approval of this bond issuance could expedite the project’s timeline, leading to the completion of additional housing units and facilities, thereby enhancing the community’s capacity to serve a growing population.
What are the potential benefits of the bond issuance?
If approved, the bond issuance is expected to accelerate the development of The Spires at Berry College, contributing to regional expansion and supporting educational and community growth in the area.
Has the Floyd County Development Authority issued bonds for this project before?
Yes, in 2013, the Floyd County Development Authority issued Retirement Facility Revenue Bonds for The Spires at Berry College Project Series. These bonds had a coupon rate of 5.750% and a maturity date of December 1, 2033.
Key Features of The Spires at Berry College Development
| Feature | Details |
|---|---|
| Location | Berry College campus, Rome, Georgia |
| Housing Units | 144 apartment units and 26 free-standing cottage homes |
| Amenities | Dining venues, indoor saltwater swimming pool, fitness room, beauty salon and spa, arts studio, multi-purpose room for special events |
| Construction Start | October 2018 |
| First Residents Welcomed | June 2020 |
| Pre-Sold Units (as of June 2020) | More than 70% |
| Resident Affiliation | Over 80% not affiliated with Berry College but consider it their new home campus |
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Author: Construction FL News
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