News & Concerns
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We are entering into a 99-year relationship with Belmont Village where that organization will lease land on our property for 99 years, providing income to WPC for that time period. We are also borrowing money from Belmont to fund our portion of the development, with plans for payoff over 30 years.
The building project will be managed primarily by Belmont with design and other decisions held by WPC with respect to our facilities. We will work in partnership to develop our property to include a new south campus building housing the Preschool, Christian education space and administrative offices. A new fellowship hall and kitchen will be built adjacent to the sanctuary, as well as infant/toddler space for events, an adult education classroom and choir space.
Most importantly, we are being offered a revenue stream that will enhance the mission of our church for generations to come through lease payments for 99 years. At the end of the lease, all property returns to WPC.