@JustVisting no they are not
Let's tally up, what has the WTS sold and how much money did they receive?
by skeeter1 35 Replies latest watchtower scandals
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Gorbatchov
I followed the transactions since the first sell off at Brooklyn.
They got 1 billion Dollar.
The remaining buildings owned in Brooklyn are valued for another 1 billion Dollar.
So they have done good business.
It's crazy with the new donation arrangement they will get much more miney.
It seems there is never enough. Why? I don't know. Did they lost much at the crisis in 2008? Who knows.
My view is that the WTS is now reformed to a property fund. The religion part of it is the financial resource.
Gorby
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emeth
Gorby that 1 billion so far is from sales in New York alone
the stock market has nothing to do with it
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joe134cd
The question in my mind is where is it and what is it been used for. Sure their out goings must be high, but still at least a billion in the bank must See them going years into the future.
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snare&racket
The Brooklyn Eagle did a tally of sales in November 2013. It was just the property in Brooklyn and just the recent sales...
"More than $500 million has been paid – or promised – for local Jehovah's Witnesses properties in the past two years, city records and press reports indicate. The transaction tally does not include sales of Watchtower properties before 2012."
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AndDontCallMeShirley
Brooklyn alone is at +/- $1.2 BILLION
The list, organized chronologically according to actual sales, reads as follows...
2004 – 360 Furman Street – sold for $205 million
2006 – 67 Livingston Street – sold for $18.6 million
2006 – 89 Hicks Street – sold for $14 million
2007 – 169 Columbia Heights – sold for $50 million
2011 – 50 Orange Street – sold for $7.1 million
2012 – 165 Columbia Heights – sold for $4.1 million
2012 – 161 Columbia Heights – sold for $3 million
2012 – 183 Columbia Heights – sold for $6.6 million
2012 – 105 Willow Street – sold for $3.3 million
2012 – 34 Orange Street – sold for $2.825 million
2012 – Bossert Hotel – sold for $81 million
2012 – 67 Remsen Street – sold for $3.25 million
2013 – 173 Front Street, 177 Front Street & 200 Water Street – sold for $30.6 million
2013 – 55 Prospect Street, 81 Prospect Street, 117 Adams Street, 77 Sands Street, 90 Sands Street & 175 Pearl Street – sold for $375 million
TOTAL (so far)
– $804,375,000
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Plus:
Last Updated: 12:09 PM, July 8, 2013
Posted: 11:09 PM, July 7, 2013
http://www.nypost.com/p/news/business/witnesses_knocking_on_bldg_sale_DGtqYWmeP5QQBENSqrcoCN
In what may be the largest real estate deal this year in Brooklyn, Jared Kushner’s Kushner Cos., Aby Rosen’s RFR Holdings and a third company are in contract to purchase a portfolio of Dumbo properties from the Jehovah’s Witnesses for $375 million, The Post has learned.
Kushner, Rosen and LIVWRK, recently founded by former Two Trees executive Asher Abehsera, signed the deal on Friday, sources tell The Post.
The six buildings being sold total 1.25 million square feet. They are 90 Sands St., a 30-story hotel with 505 rooms, andindustrial buildings at 55 Prospect St., 81 Prospect St., 175 Pearl St., 77 Sands St. and 117 Adams St., each distinguished by their sand-colored brick, green-painted windows and interconnected sky-bridges.
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Gentledawn
serious questions:
• What would happen to all the land assets and money if the leadership were to suddenly call it quits?
• Could they get away with embezzeling everything or no?
• Is it possible for the watchtower legal dept to assess/bill the society itself into a massive amount of debt (kinda like how scientology does to defectors), making it so that particular group/faction of the leadership (the lawyers) could walk away with everything scot-free?
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4thgen
marked
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skeeter1
Wow, over a billion dollars! And, the WTS has the balls to beg the followers for more money, and to make it sound all so urgent of a request! Wow.
Interesting, could the leadership/legal be planning to just take off with the money? Could be the case! That's alot of dough. Money is the route of all evil. Legally in the US, a charity is supposed to give the final assets to another charity or to the government. But, the people with bad motives sets up a new charity in a target country with no extridiction, transfers the money, and leaves. Meanwhile, leave the followers high and dry.
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emeth
@skeeter1 stay off those drugs