Imagine your congregation scoring millions of dollars by agreeing to do … nothing. Ohio State University has struck a deal to pay St. Stephen’s Episcopal Church in Columbus nearly $13 million dollars to scrap a proposed housing project. From the OSU Lantern:
A church’s plans to build a nine-story residential apartment on Woodruff Avenue were halted after Ohio State promised nearly $13 million in exchange for scrapping the project.
OSU is paying St. Stephen’s Episcopal Church, located at 30 W. Woodruff Ave. across from Ramseyer Hall, more than $12.8 million to withdraw the church’s proposed project, according to an agreement released by the university in June. Other items in the agreement grant the university right of first refusal if the church, which has been at its current location for more than 80 years, decides to sell its property and permit the university to weigh in on any of the church’s future projects, OSU spokesman Gary Lewis said.
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