by dozy 4 Replies latest jw friends
The liquidation of Brooklyn land & properties nears completion.
https://therealdeal.com/2018/12/19/heres-how-much-fortis-paid-for-its-jehovahs-witnesses-site/
Also announced on JW.ORG but no mention of the selling price , surprisingly ;-)
https://www.jw.org/en/news/releases/by-region/united-states/one-york-street-sold-20181213/
Where really does all the money go....
tiki: Where really does all the money go....
It goes to Jehobah. He is storing up treasures in heaven...
All of these sales should be a windfall in real estate tax revenue for Brooklyn Heights.
Other than maintaining the property in excellent condition (at the expense of R&F JW's) which benefits surrounding property values, what did WT do to benefit the neighborhood?
Other than maintaining the property in excellent condition (at the expense of R&F JW's) which benefits surrounding property values, what did WT do to benefit the neighborhood?
Very little , really. They didn't pay any property taxes ( saving $370 million that would have gone to the community ) and as a non-profit , they won't pay any capital gains tax on their vast real estate profits. As a very insular organisation and suspicious of "the world" , they had very little interaction with the locals.
