Newcastle Cathedral parish loan fails

Posted by Kendall Harmon

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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Filed under: * Anglican - EpiscopalAnglican ProvincesAnglican Church of Australia* Christian Life / Church LifeParish MinistryStewardship* Economics, PoliticsEconomyThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryAustralia / NZ

1 Comments
Posted December 6, 2011 at 4:00 pm [Printer Friendly] [Print w/ comments]



1. driver8 wrote:

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

December 7, 2:16 am | [comment link]
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