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SouthPark neighborhood Projects

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45 minutes ago, t_money said:

Is this type of redevelopment a 'thing' that is happening throughout the country with church's and their property? The church must have made a lot of money with this project.

Yes some churches have a large properties especially in urban areas and projects like this are increasing in the country.  This situation here basically is the church gets a new building for its use and rest of the property is now on tax rolls.  Not sure about money made I think it is more the new building. 

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5 hours ago, KJHburg said:

Yes some churches have a large properties especially in urban areas and projects like this are increasing in the country.  This situation here basically is the church gets a new building for its use and rest of the property is now on tax rolls.  Not sure about money made I think it is more the new building. 

I figured the church sold most of their property for a lot of money, but is that not the case?

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14 minutes ago, t_money said:

I figured the church sold most of their property for a lot of money, but is that not the case?

not sure the agreement they may have gotten the money or the new building for free.  Not sure but it was a complex deal. 

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