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Showing posts with the label John Bowring

Why didn't the Uniting Church sell its properties to other churches?

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The Uniting Church stopped its controversial sale of 21 church buildings half-way through the auction on Wednesday after reaching its $56 million financial target, acknowledging the sale process had caused ‘‘significant’’ pain for its congregation. Members of the church’s faithful mingled with 200 prospective buyers looking to snap up property at a ‘‘never to be repeated’’ fire sale of church buildings and land scattered across metropolitan Melbourne, Ballarat , Echuca and Bendigo. The church resolved in May to sell about 1 per cent of its substantial property holdings to recover debts of about $36 million it lost after the collapse of its school, Acacia College , last year. Twenty-one properties were to be auctioned on Wednesday.The assets up for sale included many historic churches, as well as vacant land, suburban tennis courts and commercial buildings. Advertisement One heritage church hall in Parkville sold for $1.25 million but another majestic cathedral-sty