New Church Update: Financing Options
Good Shepherd Catholic Parish is moving ever closer to construction of St. Charles Borromeo Church in Visalia. Current efforts may lead to breaking ground on the new building within the next two years.
Two New Committees
The parish’s latest efforts include forming two new teams of parishioners and professionals working toward specific goals for St. Charles. The first is a building committee dedicated to working with architects, diocesan representatives, the city of Visalia and a project management firm to complete the building design and get all necessary permits and contractors in place. This committee started its efforts toward the end of 2016.
The second is a fundraising committee dedicated to helping raise the necessary funds for building the church. This committee will implement a marketing plan to reach and inform all Catholics and Catholic-Owned businesses in the area about how they can support the building of this much-needed church. This committee formed in February 2017.
Where are we?
Several aspects of the project are well underway including the architectural drawings, applying for city permits, building an overall project budget and consulting with the Diocese about financing.
The proposed project budget and optional financing scenarios are available for viewing below.
What Are the Cost and Expenses of the Project?
The total cost of the Church construction is estimated at just under $12,879,000. The parish currently has $2 million available which would be used as a deposit to begin the project. A diocesan loan of $10,853,350 would be required to finance the remaining amount.FINANCING SCENARIOS BUDGET WORKSHEET
What can we expect from St. Charles?
St. Charles is expected to be the new Sunday Worship site for the entire parish. Located at the corner of Caldwell and Akers (next to the current St. Charles Parish Hall building), the new church will feature the following:
- 35,000 square feet
- 2,600 seating capacity
- Recessed baptismal font
- Handicap provisions
- Viewing from all side of the altar
- Side Chapels and indoor and outdoor shrines
*These plans are all subject to change at this time
What will happen to our other churches?
St. Mary’s Church, St. Thomas Church and Holy Family Church are our cherished historical churches and while the goal will be to hold all Sunday Masses at St. Charles, these churches will continue to be utilized in many ways:
- Daily Masses
- Praying the Rosary
- Ministry Gatherings
- Adoration Chapel
What Happens Next?
The Finance Council with our pastor Father Eric will make the decisions on financing and will be the final voice on when the project will move forward with a loan from the Diocese. The Building Committee, in its budget has recommended hiring a project management firm which will be the lead for keeping the project on time and on budget from start to finish.
What about ongoing expenses?
The Building Committee members are currently researching the cost of maintaining the New Church once it is built. These numbers will be made available at the completion of that research.