Developers Look Towards The 'Holy Land'

Churches, synagogues and other religious organizations sitting on increasingly valuable parcels of land are giving in to development pressure to help meet costs.

1 minute read

July 23, 2001, 8:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"It's hard to beat the location: just steps from the nation's oldest public park, around the corner from the gold-domed State House, and a stone's throw from the financial district...But the interest in the Tremont Temple - worth $9.5 million as is, according to city assessors - illustrates the potential financial bonanza for churches, synagogues and other religious organizations sitting on increasingly valuable parcels of land." Several organizations in Boston have recently cashed in their property rights, but not without sparking controversy.

Thanks to Christian Peralta

FULL STORY: Real estate boom leaves churches worth millions

Sunday, July 22, 2001 in The Boston Globe

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