ORO VALLEY, AZ (Tucson News Now) - A retirement community planned in Oro Valley has announced it no longer plans to continue building - citing a severe labor shortage and rising costs of materials.
Plans for Nakoma Sky included more than 200 units on a 70-acre lot near First Avenue and Oracle Road. The community was 95 percent pre-leased.
Residents received a letter informing them about the decision to end the project, saying "it was no longer feasible to construct under today's conditions."
La Posada, the company behind the development, said the biggest challenge was finding workers to build the community. It also pointed to rising cost of materials and supply shortages.
Joni Condit, Vice President and COO of the company, said the tariffs on steel added to the uncertainty.
She said the factors lead to the company being unable to get a maximum price or schedule for the project; therefore, not allowing to secure financing.
Douglas and Ingrid Van Dorpe retired a couple of years ago and had planned to move into Nakoma Sky. The couple had selected a unit and said they liked the idea of a brand-new community.
When Douglas received the email informing them about the decision, he said he was shocked and disappointed.
"The amenities are great. I know I would have enjoyed it there. There's nothing to do, just wake up and (I'm a) 215-pound baby so to speak; they're taking caring of me. I don't have any worries," he said.
The couple plans to continue living in their foothills home for now, but Douglas said he will continue his search for a retirement community.
Meanwhile, the company said it is are in the process of refunding residents. Its sales office remains open near Oracle and Magee roads.
As for the land, Condit said site improvements will continue; however, there are no plans in place to resurrect the project.