Apparently Mark Driscoll’s The Trinity Church will pay nearly $2.5 million for the Glass and Garden Church in Scottsdale, AZ. Although appraised at about ten times that amount, the church is making payments to the church on two loans.
All of the details are not here, but it looks like the church may not have put much up front but instead has promised to pay the full amount over time to the owner. If the church defaults, the Glass and Garden Church take over. Part of the reduced price may be because the church may only have purchased the building and not all of the land originally a part of the lot.
Any The Trinity Church attenders reading here: Were you aware of this?