I fully believe that the WTBS is selling off its Brooklyn assets in particular as they may be preparing for a time when these properties will no longer be exempt from taxation. Our local paper here in the Hudson Valley has run numerous articles about religious groups that own large swaths of land tax-free, including, but not limited to, the JW. If and when the buildings that house printing and shipping facilities are taxed, those levys will be much easier to deal with in upstate NY than in Brooklyn. In addition, those buildings, like 360 Furman, will fetch a ton. Look for the WTBS to have nothing but 124 Columbia Heights, if that, within five years.
Why the WTS is selling their assets
by Amazing 12 Replies latest jw friends
-
-
chappy
I wonder who'll be pocketing much of those "liquid assets?" Millions can be skimmed; who'd be the wiser?
chappy
-
Mr. Kim
The true colors of the WTB&TS ARE SHOWING. Many troubles are coming home to roost. Praise the Lord and pass the lawyers!!!!
The surprize is still on the way.
The Borg-Org is just as crooked as any othe Corporation can be!