We will be having a Family Forum and Voters' Meeting on Sunday, October 31st at 9:15AM in the lower level fellowship hall on the Parkway Campus.
The property adjacent to Bethany’s Lynndale campus is on the market. This situation presents an opportunity very similar to the one we had when the Erb Street property adjacent to our Parkway campus became available in 2018. We were able to acquire and then rent that property, and subsequently were able to pay off the mortgage earlier this year. Owning that Erb Street property has enabled us to consider the potential expansion of our Parkway building. At the same time, the property has increased in value and gives us the option of selling it, along with the adjacent property, should we decide to relocate our church.
Because of its proximity to our Lynndale building, the acquisition of the Capital Drive property is something that we have been considering in our long range plans for many years. It would enhance our current footprint and offer flexibility to consider future options for ministry expansion and optimization of the campus. Once we acquire the property, we could have the option to rent the house and use the proceeds to pay the mortgage, similar to what we did with the Erb Street rental proceeds. If we determine at some point the property may not, for whatever reason, fit into our ministry plans, we could always consider selling the house.
It is for these reasons that the Bethany Leadership Team strongly recommends that we make an offer to purchase the Capital Drive property, pending a thorough inspection of the house, for a price not to exceed what is stated in the resolution we plan to ask the Voters to consider and approve during our upcoming Family Forum / Voters’ Meeting on Sunday, October 31.