LSU Health Foundation plans to build ‘state-of-the-art’ retirement community in Northshore

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MANDEVILLE, Louisiana (WGNO) – According to the LSU Health Foundation, more than 10,000 people retire every day, and in the community of Northshore, there is a growing need for health care.

The LSU Health Foundation of New Orleans on Thursday announced one of the largest economic development projects to take place on the North Coast.

A private partner investment estimated at $ 150 million will provide a “state-of-the-art” housing project on the north shore of Lake Pontchartrain.

Along with a new facility, opportunities for training, jobs and other public and commercial facilities need to be developed.

The project is built on 29 acres of land donated to the LSU Health Foundation by the Al Copeland
Family

LSU Health Foundation President and CEO envisions development to be adjacent to Sailors’ Village and include restaurants, marina, hotel, apartments for active adults and health services provided by LSU Health Sciences Center and his students.

Residents of LSU, Mandeville and St. Tammany Parish will benefit from the new development which will generate income and be invested directly in cancer research.

The deal is expected to dedicate and constrain more than $ 20 million in cancer research funding over the next 40 years under the partnership from ground lease revenues.

“This partnership with the LSU Health Foundation is a long-standing partnership, and it is an honor for me to donate this
land in our father’s name, ”said Al Copeland, Jr.

The Development will be the first university-affiliated retiree community in the state of Louisiana, allowing the university to grow and the Foundation to engage in the kind of projects that bring value to the community. but also extend the mission of LSU Health.

“The partnership, growth and symmetry between LSU Health Sciences Center and LSU Health
The Foundation is absolutely shining through this project, ”said LSU Health Sciences Center Chancellor Larry
Hollier, MD. “I am very proud that the LSU HSC is playing such an important role in the development
and the future operation of this exciting new community on the North Shore. Have the ability to assist with training
geriatric health care students while providing new funding for faculty research in the fight against cancer, no
to mention building a beautiful place for LSU alumni (and the public) to retire and enjoy life in a wonderful
the community is the best of all worlds.


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