Update on finding alternative use for the School Building
As I’ve shared with you previously, a committee of St. Bridget’s parishioners has been formed to discuss how to best utilize the school building to be of maximize benefit to the parish. The committee has met at least six times since June, we’ve interviewed several real estate brokers, discussed options and showed the building to one Charter School group who is interested in expanding their programs. As of this date that’s as much as there is to report to you.
Myself, Mrs. Cindy Barton, the parish Business Manager, as well as several members of the parish finance council – after having interviewed several real estate brokers – think we have enough information to decide which broker to hire. Consensus of the group is to find a long-term tenant for the school building. That’s our first choice. However, should someone approach the parish with an offer to buy the buildings (an offer that was too good to refuse) we’d take that offer into consideration. The goal is to do what’s best for the parish.
Here are the facts, the parish is debt due to school related expenses for nearly $400,000. Finding a tenant would give the parish money to start paying down that debt. It would also allow the parish to generate some much-needed income to cover our regular, ongoing, expenses. With only approximately 20% of the parishioners regularly attending Mass on Sundays – and even fewer contributing to the Sunday collection – we, as a parish, need to come up with alternate sources of income. Rental income should provide us with some sorely needed revenue.
Finally, let me say it as clearly as possible, no decision has been made yet concerning an alternate use of the parish school buildings. We’re going to select a real estate broker within the next several weeks. The broker selected will market the buildings seeking to find a tenant for us who will rent the space. When we select a broker, or if any other bit of information should become available, I’ll let you know.