Newcastle Cathedral parish loan fails

Newcastle’s Anglican Cathedral parish has been urged to become ”˜”˜entrepreneurial’’ after a failed attempt at a $100,000 lifeline to keep it afloat in 2012. Fund-raising options including charging visitors to view Newcastle from the cathedral tower could be considered, along with cutting at least $60,000 from its budget.

Diocese trustees, including former MP John Price and former Lake Macquarie mayor John Kilpatrick, refused last week to issue an episcopal certificate, or diocese guarantee, for a $100,000 bank loan, just weeks after questions at a synod about $43million in outstanding loans across the diocese.

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Posted in * Anglican - Episcopal, * Christian Life / Church Life, * Economics, Politics, * International News & Commentary, Anglican Church of Australia, Anglican Provinces, Australia / NZ, Economy, Parish Ministry, Stewardship, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Newcastle Cathedral parish loan fails

  1. driver8 says:

    Wow that is sad. Pray they can turn it around.