Luther Seminary will not move forward with an agreement to sell a portion of the Lower Campus to United Properties after the purchase offer was withdrawn. United Properties had previously considered a multi-family housing development on the property.
At this time, there are no pending offers on the Lower Campus property, which includes Lauderdale and St. Paul parcels encompassing Northwestern Hall, Stub Hall, and Breck Woods. Given challenging market conditions, the seminary’s Board of Directors voted in early October to remove the property from active sale and to explore rental agreements for Stub Hall and Northwestern Hall with organizations whose missions are in alignment with the seminary’s mission. Should a credible purchase offer emerge in the near term, the Finance and Administration Committee may move it forward for action by the full board.
The board approved a future sale of the lower campus in May 2018 as part of an overall campus redesign. Any proceeds from a potential sale will be reinvested to support the seminary’s mission to educate leaders for Christian communities called and sent by the Holy Spirit to witness to salvation through Jesus Christ and to serve in God’s world.
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