Minister Amos said:
Was it $200 MILLION they got for the converted WW2 tank factory? And REMEMBER KIDDIES! NOOOOOO TAXES because they are a "religion"
I recently did some research on the WTBTS's real estate holdings in Brooklyn - think it was around October 25th in the "Friends" section, maybe you can find it. There have been three parcels sold in Brooklyn; the Society owns several more. The largest one did go for over $200,000,000. As for an estimate of the remaining properties' fair market value, it's anyone's guess. I constructed a table showing the "assessed valuation" of the parcels, but since the Society does not pay any real estate taxes, the City hasn't been very current in updating assessed valuations. I think the parcels have at least a billion in value, maybe more, if the Society sell everything. But they're not doing it all at once; they don't want to depress the market, after all! Will the Society hold on to at least a few "token" buildings in the area? I guess that depends upon how much the real estate continues to appreciate. Hell, instead of pilgrimages to Brooklyn, the Society can work some deals with witness-owned travel agencies and start running pilgrimages out to Patterson and Walkill. What would the faithful among the r&f care?
I haven't done any research on what information is available about the Society's real estate holdings in Patterson and Walkill, but just from a common sense point of view, I'm sure the Society bought that land when it was dirt cheap, literally out in the middle of nowhere, and the Society is pocketing all the excess profits between what it has cost it to do the build-up in Patterson and Walkill, and what it has made by selling parcels in Brooklyn. As to whether there are offshore accounts, there is no way to know, unless someone "inside" would tell us, because in the United States the Society is not even required to file an "information" return showing gross receipts and gross disbursements.