Regarding the Sale of St. James Commons
October 07, 2020
Members of the Cathedral Chapter met recently with members of Bishop & Trustees. The trustees spoke of their responsibility to build an endowment of sufficient size to enhance funds available for vitality grants and other forms of support for congregations across the diocese, and that this was the principal motivation in their decision to place 65 East Huron on the market in the early part of 2021.
As part of this conversation, Chapter members were pleased to be told that the mission of the cathedral was an important consideration for the trustees. The trustees offered an assurance that there would be proper accommodation of the building and financial needs of the cathedral from the proceeds of such a sale, and agreed to hold further discussions with Chapter to ensure these needs are appropriately identified.
To read the announcement from the Episcopal Diocese of Chicago, click here.