How many times have you seen this while driving around or reading news articles? There are any number of churches facing the same future as Parkway. We’re moving into the future and have a building and property to sell. Now what?
Kris Brogan, who along with husband Mick, owned Papa’s Pizza on 42nd and Thomas Avenue North has remained a friend of mine through the years even after closing their business. We see each other often at neighborhood meetings and talk about Parkway. We recently had a conversation about Parkway UCC and Robbinsdale UCC having the opportunity to consolidate. That led to a text message from Kris asking to meet over coffee. That meeting led to another meeting with Pastor Kathy and Moderator Greg Merz, and myself.
Kris informed us that she, as a broker, had a potential buyer for the property and asked us if we wanted to continue.
Fast forward to today. Kris has been retained as the broker working on behalf of Parkway and has brought four prospective developers to the table. Each have impressive credentials and each would be an acceptable buyer. We have included Pastor T. Michael Rock in our discussions.
The developers have different pathways including low income housing, affordable income housing, and market rate income senior housing. Each of these, after close examination, will continue to serve Parkway’s mission on the Northside. Timelines of the sale vary.
The plan is for Parkway to have the minimum amount of risk in the final transaction, the maximum amount of dollars, the quickest turnaround time, and the best way to serve the community. At the time of this writing, we have one proposal on the table that is very favorable and we expect the other three by April 24th prior to Council.
It is the plan to have a recommendation to Council to approve on April 25, for a congregational vote on April 28th.