CONSTRUCTION REPORT
Construction has been progressing well with minimal issues. Kathy and I happened to be at the site when the first concrete trucks (and pumper) showed up to pour the first 5 truckloads of concrete into footers:
FUNDRAISING
With a few additional parish level pledges, we are now at the $11M fundraising mark (by God’s Grace!!) with the need to raise another $3M for project completion.
We continue to visit parish councils where all have the opportunity to participate in building our new home. Invite us!
There will be memorialized all the names of parishes that have participated substantially and so far, it is not unusual to have parishes commit $10K-$20K per year for each of 5 years. If you already dedicate a portion of festival proceeds to charity (and we all should), please consider this project for a 5-year pledge. If not, please consider starting such a benevolence in perpetuity and begin by donating here.
Again, and I will say this every month until we’ve reached our financial goals: WE MUST AVOID DEBT!
We will continue fundraising until we are there! Please help us such that this new home of work and worship and gathering and fellowship only ever be a blessing AND NEVER A BURDEN to our church. Please help.
I ask you to consider paying forward your multi-year pledge, raise your pledge amount to help us avoid the debt or make your initial pledge. And there is still matching money to apply to your new pledge!!
To get your pledge matched, please click on this link or scan the QR code below:
New Metropolis Donation Link
FINANCIAL STATUS
FUNDING
Total Project Cost = $14.0M
Total Pledges/Cash to Date = $11.0M (almost 80% of total cost)
Pledges Outstanding = $4.1M
Cash on Hand = $5.9M
SPENDING
Soft Costs to Date = $620K (architects, geotechnicals, campaign, contingency)
Construction Spending This Month = $340K
Construction Spending to Date = $800K
TOTAL PROJECT SPENDING = $1.4M
BORROWING
Anticipated, Approximate Total = $2.5M
Anticipated Start = April 2024
Thanks for all of your support and prayers,
Nick Lekas Gateway Industries Akron, Ohio 330-633-3700
