Monday, March 31, 2014

Denominations Downsizing and Selling Assets in More Secular Era

"They're finding themselves pressed for finances, and making some hard choices about property, and so we're seeing more sales in the last decade than we had for the last century," Professor Hudnut-Beumler said. "The first things to go were camps and conference centers, and now there is some downsizing of prime-location land, churches and facilities."

MORE: http://www.nytimes.com/2014/03/16/us/denominations-downsizing-and-selling-assets-in-more-secular-era.html?_r=0

See also...

U.S. Religious Denominations Are Feeling the Pinch; Luxury Disappears as Real Estate Is Sold Off
http://www.patheos.com/blogs/friendlyatheist/2014/03/21/u-s-religious-denominations-are-feeling-the-pinch-luxury-disappears-as-real-estate-is-sold-off/