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To: gridlock

Have you thought of using a long lease instead of selling. A 999 year lease is almost as good as a sale and would yield almost as much. I’m pretty sure the diocese would not attach the income stream which the parish earns.


10 posted on 05/12/2008 10:22:31 AM PDT by Timocrat (I Emanate on your Auras and Penumbras Mr Blackmun)
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To: Timocrat

You are a genius! I am going to bring that up at our next Vestry meeting. We are renting other properties, for which we keep the proceeds, so why not? Trinity Church in Manhattan owns and leases half of Downtown, and they are doing very well on that income.


11 posted on 05/12/2008 11:00:22 AM PDT by gridlock (The natural state of the world is Darfur. The freakish aberration is America - - Ann Coulter)
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