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To: Paul_B; sinkspur; m4629
Your math must be the "new math."

I take 110,000 sf and divide it into $100 million (that's the building, not the land)and come up with $909./sf.

That's still a cockamamie figure based on Milwaukee standards--here a commercial building is about $125./sf.

So there's something missing. Even if this building were WILDLY extravagant, it could only be around $500./sf.

We need to find about another 700Ksf someplace to make the numbers make sense.
38 posted on 05/08/2004 3:49:03 PM PDT by ninenot (Minister of Membership, TomasTorquemadaGentlemen'sClub)
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To: ninenot
> Your math must be the "new math."

No, I failed to separate building and land. Your number is more useful. Still a travesty - if my money were at risk.
40 posted on 05/08/2004 4:03:17 PM PDT by Paul_B
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To: ninenot; Paul_B; sinkspur; Cicero; MegaSilver
Capital Campaign: The total project goal is $131 million, $80 million of which will be used for purchase of land and construction of the Cathedral. The remainder is for construction of a rectory and diocesan center. Funding is to be secured through donations from private individuals, foundations and other organizations. No monies from the Diocesan budget will be utilized to fund the Cathedral Project.

I am guessing Vigneron is only taking this Beached Whale because it doesn't cost him a dime. Sort of like either accept a free brand new Toyota xB or keep walking. Take it or leave it type of deal.

It also appears the old flunky bishop Cummins still has a big hand in this deal. After all, it's his groupies that put together the money. The original designed has been modified since Vigneron's arrival but I understand it's still ugly. No chance the modernists will put money into a new orthodox design at this stage.

Is Bishop Cummins, now retired, still involved in the Cathedral Project?

Yes. Bishop Cummins was appointed Episcopal Vicar of the Cathedral Project by Bishop Vigneron. He is a member of the steering committee, and remains active in the project.


49 posted on 05/08/2004 5:01:29 PM PDT by m4629
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