{"id":18298,"date":"2012-12-18T16:22:39","date_gmt":"2012-12-18T21:22:39","guid":{"rendered":"https:\/\/anglicansamizdat.net\/wordpress\/?p=18298"},"modified":"2012-12-18T16:22:39","modified_gmt":"2012-12-18T21:22:39","slug":"diocese-of-b-c-selling-churches-to-pay-off-debt","status":"publish","type":"post","link":"https:\/\/www.anglicansamizdat.net\/wordpress\/diocese-of-b-c-selling-churches-to-pay-off-debt\/","title":{"rendered":"Diocese of B.C. selling churches to pay off debt"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.timescolonist.com\/news\/local\/five-church-properties-sold-debt-erased-for-anglican-diocese-of-b-c-1.13977\">here<\/a>:<\/p>\n<blockquote><p>A year ago, the Anglican Diocese of B.C. made the traumatic and dramatic decision to sell nine Vancouver Island church properties or see its $1.2-million debt escalate further.<\/p>\n<p>The move has turned out to be a blessing, despite the turmoil it caused for members whose families had attended the historic congregations for generations.<\/p>\n<p>Five of the nine church properties have sold, the accumulated debt of the diocese is gone, and its financial future and mission potential have been &#8220;helped tremendously&#8221; for the next several years, said Chris Pease, the diocese&#8217;s asset manager.<\/p>\n<p>Listed at $175,000 to $1.4 million, sale prices came &#8220;very close&#8221; to asking prices, he said.<\/p>\n<p>In combination with cuts to expenditures, the diocese has paid off its accumulated debt, and will use some of the proceeds &#8220;to finance the annual operating deficit until revenues and expenses are back in balance,&#8221; Pease said in an email.<\/p><\/blockquote>\n<p>What does this really mean?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18299\" alt=\"snake\" src=\"https:\/\/anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2012\/12\/snake-eats-own-tail1.jpg\" width=\"400\" height=\"267\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From here: A year ago, the Anglican Diocese of B.C. made the traumatic and dramatic decision to sell nine Vancouver Island church properties or see its $1.2-million debt escalate further. The move has turned out to be a blessing, despite &hellip; <a href=\"https:\/\/www.anglicansamizdat.net\/wordpress\/diocese-of-b-c-selling-churches-to-pay-off-debt\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[103],"tags":[2104],"class_list":["post-18298","post","type-post","status-publish","format-standard","hentry","category-diocese-of-bc","tag-diocese-of-bc"],"_links":{"self":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts\/18298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/comments?post=18298"}],"version-history":[{"count":0,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts\/18298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/media?parent=18298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/categories?post=18298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/tags?post=18298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}