Cherry Hills chose to separate its building payments from its operational expenses for a couple very significant reasons. When we decided to buy ground and construct our new building we did not wish for the expense of the purchase and construction to impact our current ministries and mission contributions.
We wanted to maintain the quality of programming and staffing of our church with the operations budget and the tithes that support it. Leaders felt that the new campus was something that was over and above our tithes both individually and corporately. Accordingly, we established the “Yes Lord! Fund” to help pay for the initial construction, and now that it is completed we have established the “Bridge Fund” for ongoing contribution to debt reduction.

Included so far on our 48.2 acre campus are two entrances, the infrastructure that includes roads, parking, utilities, the main building, the “Rock” youth facility and the maintenance building.

The total cost has been just over 13 million dollars.

Our mortgage is just under eight million dollars and is financed on fifteen-year mortgages. The congregation paid for our 48.2 acres before we ever began construction.

The Outer Park facility is currently on the market, and experts have informed us that we should net around 1.25 million on its sale. The proceeds from that sale will be used exclusively to reduce our mortgage debt.

As mentioned, the proceeds from the sale of our Outer Park facility will be applied to debt, and that should reduce our mortgage to about seven million.

Our 15-year mortgage payments are $58,000 per month, and for the last four years we have paid those payments from “Yes Lord!” The Bridge Fund is now in place for these payments.

The “Bridge Fund” is not a pledge drive. It was established to allow people to make ongoing contributions to help Cherry Hills reduce debt and position itself for future growth.

A number of people are in that circumstance, and we ask you to please fulfill that pledge and then include the “Bridge Fund” in your future plans. The “Bridge Fund” did not seek pledges but instead seeks contributions from those led to help Cherry Hills fulfill its mission to “Reach, Build and Send.”