Taking the First Steps
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Our architect has determined the total cost estimate for the entire new facility master plan could be $20,179,000.00 (in 2017 dollars).
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Clearly, this amount is far beyond our financial capacity today – especially when we still own two separate campus properties, currently for sale.
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In addition, before we may proceed with groundbreaking/construction on the new site, the Diocese of Saint Cloud suggests that a good portion of the first phase cost should be collected in cash and the remaining cost of the first phase be pledged in financial
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For this reason, we believe it is fiscally responsible to take on the proposed master plan in a phased approach, building each step along our forward thinking journey.
“Acquisition Phase” Financial Goal – $5,000,000.00
Purchase the entire 107 acres $600,000.00
Substantial down payment fund for building project $4,300,000.00
Feasibility/Capital Campaign/Architectural Design Fees $100,000.00
2017-2020 Capital Campaign Goal $5,000,000.00
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As we raise the financial commitments, and collect the pledge payments over the next three years, we will continue to pursue buyers for the current Princeton and Zimmerman.
- When we sell one of the current properties, and collect the funds for a down payment, we will be in a secure financial position to build the first phase of the master plan – our new church!