▁the ▁building ▁and ▁a ▁living ▁room ▁with ▁floor - to - ce iling ▁windows ▁and ▁a ▁fire place . ▁Five ▁hundred ▁people ▁gathered ▁for ▁its ▁dedic ation ▁on ▁July ▁ 1 8 , ▁ 1 9 3 1 , ▁as ▁the ▁Royal ▁Ne igh b ors ▁National ▁Home . ▁It ▁was ▁set ▁high ▁on ▁a ▁bl uff ▁that ▁over look ed ▁the ▁Mississippi ▁River , ▁and ▁it ▁had ▁space ▁for ▁ 5 2 ▁residents . ▁Over ▁the ▁years ▁the ▁property ▁grew ▁to ▁en comp ass ▁. ▁ ▁In ▁order ▁to ▁live ▁there , ▁the ▁residents ▁had ▁to ▁turn ▁over ▁their ▁assets ▁to ▁the ▁society ▁and ▁they ▁were ▁allowed ▁to ▁live ▁at ▁the ▁home ▁until ▁they ▁died . ▁They ▁also ▁had ▁to ▁be ▁of ▁" good ▁moral ▁character , ▁free ▁from ▁cont ag ious ▁or ▁inf ect ious ▁disease , ▁unable ▁by ▁reason ▁of ▁age ▁to ▁provide ▁for ▁the ▁necess ities ▁of ▁life … " ▁In ▁exchange , ▁residents ▁were ▁assured ▁they ▁would ▁be ▁c ared ▁for ▁without ▁further ▁cost ▁for ▁the ▁rest ▁of ▁their ▁lives . ▁The ▁home ' s ▁name ▁was ▁changed ▁to ▁Grand view ▁Terra ce ▁in ▁ 1 9 9 3 . ▁The ▁facility ▁increasing ly ▁faced ▁an ▁operations ▁def ic it , ▁and ▁regul atory ▁dem ands ▁to ▁update ▁the ▁building ▁were ▁also ▁mount ing . ▁In ▁order ▁to ▁control ▁costs , ▁the ▁policy ▁by ▁which ▁members ▁turned ▁their ▁assets ▁over ▁to ▁the ▁society ▁to ▁live ▁at ▁Grand view ▁Terra ce ▁was ▁changed ▁in ▁ 1 9 9 6