New Zealand Begins Selling Kingdom Halls

by KiwiBoy 33 Replies latest jw experiences

  • nowwhat?

    Don't you know they need the funds for "all the growth" some where else!

  • joe134cd

    I certainly can see an assembly hall going on the market very shortly. That would probably be their most valuable asset in this country. I think Wt walked away with just under $50 million after they sold the bethel in Auckland, Both those assets would be worth gold mines even though the bethel was situated in not a very good part of Auckland.

  • LV101

    Possibly WT's "reporting" nos are inaccurate -- doesn't sound like that big of a negative per the RDC. What is WT doing with all their land-baron millions! Maybe they're investing conservatively with the downsizing and clearly have new real estate development plans w/the fast-food halls being thrown up. They've one great money-making schtick in play.

  • Finkelstein

    The interesting fact to these Kingdom Hall sell offs by the WTS in its working operation is they collect the Cash out right and put the money into their own hands, not the ones who donated the land or money. $$$

    No wonder the WTS pressed in recent years to have the building land titles handed over to the WTS.

    The real estate building and sell off is now a strategic part of the corruption instilled in the WTS/JWorg. organization or publishing corporation.

    But remember folks Jehovah is backing this organization fully and completely.

  • LV101

    Of course the bucks go right into the cult's possession/accounts -- smart move on their part to seize title to avoid lawsuits. Apparently they weren't structured solidly in the Canoga Park, Ca., and had litigation but still were victorious - religion and its freedom of running rough shod over their adherents in this country! Cult is retaining A-team consulting firms in this day and age - definitely last couple decades.

  • sp74bb

    More money $$$

  • ZindagiNaMilegiDobaara

    Yes there is "so much growth" in lawsuits and they need the funds for it.

  • Vidiot

    And how many replacements were built? :smirk:

  • steve2

    Possibly WT's "reporting" nos are inaccurate -- doesn't sound like that big of a negative per the RDC.

    For a smaller country that reported yearly increases across all reporting categories (peak numbers, Bible studies, memorial attendances, convention attendances, etc) for practically every single year since the end of WW2, any decrease is of interest

  • pepperheart

    Also they still need to sell kingdom halls off when they are not printing 50 million magazines a months as well

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