Sunday, March 7, 2010

Arcadia 800: Offer to purchase/sell is signed



Finally the last piece of the Seminary facility puzzle falls into place. Thanks to the help from LCMS World Relief and Human Care [Rev. Matthew C. Harrison] together with the LCMS Rocky Mountain District [President Randy Golter] the Seminary is in a position to acquire the fourth house in Farenden Street adjoining the original Seminary property in Arcadia 790 and 794.
About five years ago the LTS Board of Directors drew up a strategic plan. According to this plan the Seminary was to prioritize the purchasing of the adjoining properties to consolidate the facility. Finally this first week of March the owner of the corner property Arcadia 800 accepted our final offer and now it is just a question of time before the registration/transfer of the property will take place and the LTS will be the legal owner of the approximately 10, 000 square meters on the corner of Arcadia/Farenden with the eight plus houses - not counting garages and storage places.

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