Taking the First Steps

  • Our architect has determined the total cost estimate for the entire new facility master plan could be $20,179,000.00 (in 2017 dollars). 

  • Clearly, this amount is far beyond our financial capacity today – especially when we still own two separate campus properties, currently for sale.

  • 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

  • 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

 

  • 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!