Discussion in 'News and Current Events' started by DeathHamster, Apr 15, 2013.
so I suppose all that money will go BACK to the members who helped buy it right?
Quite the little BIG scam they have going there
Wait...Wat?... I thought the Boston site was going to be @ the Ivory Bean Bldg... or did they buy the building next door too?
[edit: Yep, they did buy both: MySouthEnd:Church Pushes Forward]
Patch: MAR.18.11- Demolition Imminent for Unstable Washington Street Building
moar photos at link, photos of demolition here
What Ivory Bean Building? (I wonder if they sold off the vacant lot?)
Demolition brings Church of Scientology closer to building new Boston HQ April 12, 2011, Cara Bayles, Boston Globe
Found this after a search: MySouthEnd:Church Pushes Forward
Seems they might have let it fall into disrepair so as not to have to listen to any wogs tell them what they could or could not do.
Ummmm... The idea that CoS has access to a flow of guns that are untraceable (to them) is a bit disturbing.
Also Applied Scholastics, Youth for Human Rights and The Way to Happiness aren't supposed to be connected with CoS.
Good observations, DH. The Commonwealth of Massachusetts requires a Firearm Identification card to purchase a gun. The "gun buy back" apparently circumvents that legal requirement and the guns can be transported to Flag or the Int Base by a missionaire. I remember the Uzi submachine gun that L. Ron brought to Florida that he kept at his home in Dunedin. He never lawfully imported it or paid the stamp tax required in the U.S.
Scientology sells Beacon St. HQ
The Church of Scientology of Boston has sold its 448 Beacon St. headquarters for $10.5 million to the Congress Group, a Boston real estate development firm, according to Suffolk County Registry of Deeds documents.
The organization plans to rehab the former Alexandra Hotel at Washington Street and Massachusetts Avenue in Lower Roxbury as its new 45,000-square-foot headquarters.
"Plans to rehab"? They've only owned the building since 2008!
Meanwhile, what are they planning to use as an org? I guess they could set up tables in the Ivory Bean memorial empty lot. They're probably saving a bit in property tax this year on that.
Church of Scientology regional HQ sold for $10.5M | Boston Business Journal
The Congress Group has closed on a deal to buy the Church of Scientology’s regional headquarters at 448 Beacon St. in Boston’s Back Bay for $10.5 million.
Dean Stratouly, president of the Boston development company, said he plans to transform the 1889 brick and brownstone four-story mansion into seven luxury condominiums. A church spokesman said they plan to remain in the building for up to a year while they renovate the former Alexandra Hotel in the South End as their new Boston home.
The church put the 27,765-square-foot property up for sale at $12.5 million in 2010. Later, when offers for the Richardsonian Romanesque-style home fell short of the asking price, church officials lowered the price to $10.5 million. The church paid $440,000 for the building in 1975.
Continued at www.bizjournals.com/boston/real_estate/2013/09/church-of-scientology-hq-sold-11M.html
I guess that $10.5M will go towards renovating Boston's new org, right?
Hahaha, just kidding!
nah, it all goes back to the members victims who coughed up the money for it in the first place. Sheer profit! OR they can opt for free auditing and courses.
yeah ok.....When pigs fly or when Hubbard returns, which ever happens first.
Of course if he did return, it would be by space ship or DC8 airplane or whatever, and he is a pig, so it would kill two birds with one stone.
Liquidating real estate at a profit is a means to generate cash in an organisation that is gradually dying.
Scientologists not yet ready to sell historic South End building
By Dan Adams,The Boston Globe, July 13, 2015
The Boston branch of the Church of Scientology is sitting on a potential gem near the South End-Roxbury line, a historic building that has sparked interest from dozens of potential buyers who want to turn it into the next boutique hotel or luxury condominium complex. But the Scientologists say they’re in a bind: They want to sell but can’t find an affordable place in Boston to relocate their local headquarters.
The religious group, founded in the 1950s by L. Ron Hubbard, said in December that it would put the dilapidated Hotel Alexandra on the market. But it says it must wait until a new permanent headquarters is found in Boston with at least 50,000 square feet of space — a mandate handed down from the International Church of Scientology. With prices high and inventory low, that is proving difficult. And so, after decades of false starts, progress has stalled once again on restoring the boarded-up, fire-scorched eyesore, which dominates one of the city’s most prominent crossroads, frustrating neighbors and city officials.
“In this robust real estate market, it’s unfortunate that the building continues to languish, given its prominence at the gateway between the South End and Lower Roxbury,” said Nick Martin, a spokesman for the Boston Redevelopment Authority. “We remain eager to see the Hotel Alexandra redeveloped so that it enhances the fabric of the neighborhood.”
Even before the church bought the building at the corner of Massachusetts Avenue and Washington Street in 2008 to be its new headquarters, the Alexandra was beset by deadbeat landlords, suspicious fires, start-and-stop development proposals, and, in 2002, the threat of court-ordered receivership by then-Mayor Thomas M. Menino.
The Scientologists promised to restore the hotel, a late-Gothic beauty that contained luxury residences and state-of-the-art amenities when it was built in 1875, “to its original grace and elegance.” The renovation was to be funded by the sale of the church’s former headquarters on Beacon Street. But the economy was tanking when that property went on the market in 2008, forcing the church to hold out until 2013, when it sold the building for $10.5 million. Throughout, the Scientologists insisted they were committed to the Alexandra, but ultimately could not raise enough money to begin an overhaul they said might cost $17 million.
Even though estimates of the tax-exempt International Church of Scientology’s wealth exceed $1 billion, regional chapters must be financially self-sufficient — yet they are forbidden from borrowing money. That means it is up the Boston Scientologists to raise funds for their new headquarters from members or the sale of assets such as the Alexandra. The group is now leasing temporary office space in Quincy Center, which Hall says draws about 200 Scientologists each week. An earlier deal to rent space in the Newmarket industrial area of Boston ended with the landlord suing the church.
“The Alexandra will be sold, we’re just not quite sure exactly how soon,” said church spokesman Kevin Hall. “We’re trying to do what’s best to get ourselves a new building, and also do the right thing for the neighborhood.”
The church’s real estate attorney, Marc LaCasse, said the Scientologists have received nearly 100 inquiries or offers from developers — local, national and international. But the potential sale is complicated by the church’s desire to strike a deal with a developer who currently owns a space suitable for its new headquarters and is willing to swap it for the Alexandra. That requirement has the neighbors fed up. “As long as they’re holding up the sale, they’re holding up the improvement of the neighborhood,” said Stephen Yung, who owns the nearby Seiyo Sushi and Wine Shop. “Sell it and get it over with. Anything’s better than what it is now.”
One developer who is interested in the property said he estimates it might sell for $5.5 million to $6 million, a price that he said would balance competing factors: a hot market and the Alexandra’s desirable location, on the one hand, and the building’s poor condition and city restrictions on changing the historic structure’s facade too much, on the other. Construction costs to renovate the Alexandra — perhaps as a boutique hotel, condominiums, or a mixed-use project with retail shops on the ground floor — would probably surpass $15 million, the developer said, plus another $1 million or so to pay attorneys, architects, designers, and city fees.
"Hall says draws about 200 Scientologists each week"
"But it says it must wait until a new permanent headquarters is found in Boston with at least 50,000 square feet of space — a mandate handed down from the International Church of Scientology."
"Even though estimates of the tax-exempt International Church of Scientology’s wealth exceed $1 billion, regional chapters must be financially self-sufficient — yet they are forbidden from borrowing money."
So CSI is dictating the size of the building, will not contribute a dime to it's purchase or renovation, yet if it's ever actually completed the locals have to sign the building over to $cientology and pay rent to use it. What a scam!
Boston Scientologists put Hotel Alexandra on market after long delay | The Boston Globe
After a long delay, the Boston branch of the Church of Scientology will finally list for sale the decaying but historic building in the South End that it once hoped to convert into a new headquarters.
The church had previously declined to sell the five-story Hotel Alexandra, at the corner of Washington Street and Massachusetts Avenue, until it found a permanent replacement. But spokesman Kevin Hall said the church decided to put the property up for sale while the real estate market is still strong.
“We just want to get it done,” Hall said. “We had hoped to fix it up faster. ...Hopefully, [the buyer] will be a professional developer who has experience dealing with the city.”
Though it is in poor condition, numerous developers have been clamoring to bid on the Alexandra, which was built in 1875. Hall said the Scientologists several times tried to “swap” the Alexandra with a developer in exchange for another building, but failed.
City development officials cheered the news, saying the refurbishment of the building is long overdue. For years, nearby residents and business owners had complained to City Hall that the church was sitting on the property, saying the boarded-up Alexandra was a drag on the neighborhood.
“This is a building that has a lot of history, and it's a really important gateway between the South End and Lower Roxbury,” Boston Redevelopment Authority spokesman Nick Martin said. “We would love to see it activated.”
Martin said the city would be open to a variety of potential uses for the structure.
“Given how long the property has sat vacant or underutilized, we don’t want to be terribly proscriptive about it,” Martin said. At this point, he added, “anything would be better than nothing.”
The Boston branch of the Church of Scientology bought the Alexandra — and the adjoining “Ivory Bean” row house — for $4.5 million in 2008, promising to return the crumbling eyesore to its former glory after decades of neglect, fires, and abortive development proposals.
The church had hoped to fund the renovation with proceeds from the sale of its former headquarters on Beacon Street. But the sale of that building took longer than expected and yielded $10.5 million in 2013—far short of what the church needed to renovate the Alexandra. Scientology requires its regional chapters to be financially self-sufficient, but forbids them from borrowing money.
The Boston branch is currently leasing temporary space in Quincy Center. Marc LaCasse, the church’s real estate attorney, expects it to reach out to some of the more than 50 developers who have expressed interest. Hall added that the church has already received “much higher” offers on the building than the $5.5 to $6 million estimate a developer gave the Globe in July.
Source, with photos:
And will not spend a dime of the millions (billions?) the IAS rakes in to help with this sort of "expansion".
It's going to be interesting to where the money for the ale go. I'm fairly certain there's going to be a wave of cognitive dissonance when some people who have paid large sums see all the money evaporate in "management fees".
There's a new thread here:
Scientology Boston selling Alexandra Hotel to buy Allston office complex
Or it all goes uplines or on to the next org.
I'm guessing there will be new fundraising "required" to buy the new building.
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