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Reply-To: "Merilee Kern" <merileek@kerncommunications.com>
From: "Merilee Kern" <merileek@kerncommunications.com>
To: <merileek@kerncommunications.com>
Subject: CNBC.com
Date: Sun, 26 Dec 2010 22:36:34 -0800
Organization: Kern Communications
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http://www.cnbc.com/id/40794812


Christmas Miracle for Construction: New Churches Rising=20
Published: Thursday, 23 Dec 2010 | 12:19 PM ET=20

It's been a rough year for commercial contractors. Unless they've made a =
"niche" business in churches.=20

"Looking forward to 2011, we are forecasting to have our best year yet," =
says Ryan Regina of BIG SKY Enterprises, a developer in N.J.=20

Regina says seven years ago, 25 percent of BIG SKY's projects was =
building churches. Now it's 80 percent. "What we see in various =
builders' magazines, there seems to be a steady increase in church =
construction."=20

    =20
      Source: mywesttexas.com
      Newly-built San Miguel Arcangel Church in Midland, Texas
-------------------------------------------------------------------------=
-
    =20

One church he's building is a brand new complex for Victory in Christ =
Christian Center in Deptford, N.J. "We are building a new church from =
the ground up," says Pastor John Edmondson, who started the church ten =
years ago with 11 people.=20

"It's costing us $4.3 million for what we're doing," he says. "Phase One =
will allow us to build a 500-seat auditorium, and Phase Two will add =
more classrooms and a larger sanctuary that would allow us to build a =
1,200 to 1,500-seat auditorium."=20

It's hard to say if there's a church building boom on a national level =
or if, like all real estate, it's location, location, location. Some =
areas are prospering from growing attendance and growing revenues in the =
recession, while other churches shrink with the economy.=20

"Overall we are seeing a difficult economy for congregations, but it is =
really to be expected as this is the pattern for churches in multi-year =
recessions," says Phill Martin of the National Association of Church =
Business Administration. "The last year is always the hardest."=20

That is not the case in the middle of west Texas. The Catholic diocese =
in San Angelo is in the middle of a building boom, with 17 different =
construction projects.=20

"I've never had so many building projects going on at once," says Bishop =
Mike Pfeifer. Last Sunday he dedicated the new, $4.2 million San Miguel =
Arcangel Catholic Church in Midland, able to seat 1,100.=20

The old church could only accommodate 300. "Normally it takes 30 years =
to pay off a church," says Deacon Mike LaMonica. "We raised almost 75 =
percent of the funds needed in the bank before the church was dedicated, =
which is a miracle as far as I'm concerned."=20

Churches are able to take advantage of lower labor costs, faster =
permitting in a recession, and low interest rates ("Thank God," says =
Bishop Pfeifer). But church leaders also credit the recession with =
forcing some people to reexamine their priorities.=20

"People are looking for meaning in their life," says the Bishop. "They =
want to feel connected, they want to feel loved, they want to feel =
accepted."

    =20

Watch Jane's TV report about the church construction boom today on =
"Closing Bell" at 4pm ET on CNBC. And, check out Jane's "Funny Business" =
blog.

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<DIV><FONT size=3D2 face=3DArial><A=20
href=3D"http://www.cnbc.com/id/40794812">http://www.cnbc.com/id/40794812<=
/A></FONT></DIV>
<DIV><FONT size=3D2 face=3DArial></FONT>&nbsp;</DIV>
<DIV><A id=3Dyui_3_1_1_1_1293431773890472=20
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<DIV>
<DIV class=3DmarB20=20
xmlns:archive=3D"urn:schemas-microsoft-com:workbench:xslt:archive">
<H1 class=3Dcnbc_blghdln>Christmas Miracle for Construction: New =
Churches Rising=20
</H1></DIV>
<DIV class=3D"w100p clr cnbc_blgwlt_dot"=20
xmlns:archive=3D"urn:schemas-microsoft-com:workbench:xslt:archive">
<DIV class=3DpadT>
<DIV class=3D"fL w349">
<DIV class=3D"fL tool_datetime clr">Published: <SPAN=20
class=3Dcnbc_sbhd_comp>Thursday, 23 Dec 2010 | 12:19 PM ET </SPAN></DIV>
<DIV class=3D"fL tool_datetime clr"><SPAN =
class=3Dcnbc_sbhd_comp></SPAN>&nbsp;</DIV>
<DIV class=3D"fL tool_datetime clr"><SPAN class=3Dcnbc_sbhd_comp>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>It's been a rough year =
for=20
commercial contractors. Unless they've made a "niche" business in =
churches. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>"Looking forward to =
2011, we are=20
forecasting to have our best year yet," says Ryan Regina of =
<B><STRONG><A=20
href=3D"http://www.bigskyllc.com/" target=3D_blank><STRONG>BIG SKY=20
Enterprises,</STRONG></A></STRONG></B> a developer in N.J. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>Regina says seven =
years ago, 25=20
percent of BIG SKY's projects was building churches. Now it's 80 =
percent. "What=20
we see in various builders' magazines, there seems to be a steady =
increase in=20
church construction." </P><A name=3DStoryImage></A>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>
<TABLE=20
style=3D"PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 15px; =
PADDING-TOP: 5px"=20
border=3D0 cellSpacing=3D0 cellPadding=3D0 width=3D"1%" align=3Dleft>
  <TBODY>
  <TR>
    <TD><IMG title=3D"San Miguel Archangel Catholic Church" border=3D0 =
hspace=3D0=20
      alt=3D"San Miguel Archangel Catholic Church" align=3Dleft=20
      =
src=3D"http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_In=
serts/graphics/__REAL_ESTATE/_SPECIALS/SanMiguel_church_200.jpg"=20
      width=3D200 height=3D150></TD></TR>
  <TR>
    <TD>
      <DIV style=3D"TEXT-ALIGN: right; MARGIN-BOTTOM: 5px" =
class=3Dcredit>Source:=20
      mywesttexas.com</DIV>
      <DIV class=3Dcredit>Newly-built San Miguel Arcangel Church in =
Midland,=20
      Texas</DIV>
      <HR color=3D#c0c0c0 SIZE=3D1 noShade>
    </TD></TR></TBODY></TABLE></P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>One church he's =
building is a=20
brand new complex for Victory in Christ Christian Center in Deptford, =
N.J. "We=20
are building a new church from the ground up," says Pastor John =
Edmondson, who=20
started the church ten years ago with 11 people. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>"It's costing us $4.3 =
million for=20
what we're doing," he says. "Phase One will allow us to build a 500-seat =

auditorium, and Phase Two will add more classrooms and a larger =
sanctuary that=20
would allow us to build a 1,200 to 1,500-seat auditorium." </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>It's hard to say if =
there's a=20
church building boom on a national level or if, like all real estate, =
it's=20
location, location, location. Some areas are prospering from growing =
attendance=20
and growing revenues in the recession, while other churches shrink with =
the=20
economy. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>"Overall we are seeing =
a difficult=20
economy for congregations, but it is really to be expected as this is =
the=20
pattern for churches in multi-year recessions," says Phill Martin of the =

National Association of Church Business Administration. "The last year =
is always=20
the hardest." </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>That is not the case =
in the middle=20
of west Texas. The Catholic diocese in San Angelo is in the middle of a =
building=20
boom, with 17 different construction projects. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>"I've never had so =
many building=20
projects going on at once," says Bishop Mike Pfeifer. Last Sunday he =
dedicated=20
the new, $4.2 million San Miguel Arcangel Catholic Church in Midland, =
able to=20
seat 1,100. </P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>The old church could =
only=20
accommodate 300. "Normally it takes 30 years to pay off a church," says =
Deacon=20
Mike LaMonica. "We raised almost 75 percent of the funds needed in the =
bank=20
before the church was dedicated, which is a miracle as far as I'm =
concerned."=20
</P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>Churches are able to =
take=20
advantage of lower labor costs, faster permitting in a recession, and =
low=20
interest rates ("Thank God," says Bishop Pfeifer). But church leaders =
also=20
credit the recession with forcing some people to reexamine their =
priorities.=20
</P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>"People are looking =
for meaning in=20
their life," says the Bishop. "They want to feel connected, they want to =
feel=20
loved, they want to feel accepted."</P><A name=3DStoryImage></A>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN>
<TABLE=20
style=3D"PADDING-BOTTOM: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 15px; =
PADDING-TOP: 5px"=20
border=3D0 cellSpacing=3D0 cellPadding=3D0 width=3D"1%" align=3Dleft>
  <TBODY>
  <TR>
    <TD><MAP name=3Dmap40320177><AREA href=3D"/id/15837856/" =
shape=3Drect=20
        alt=3D"CNBC TV" coords=3D0,0,50,50></MAP><IMG title=3D"CNBC 360 =
TV" border=3D0=20
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  =
useMap=3D"&#10;&#9;&#9;&#9;&#9;#map40320177"></TD></TR></TBODY></TABLE></=
P>
<P class=3DtextBodyBlack><SPAN id=3DbyLine></SPAN><EM>Watch Jane's TV =
report about=20
the church construction boom today on <B><STRONG><A=20
href=3D"http://www.cnbc.com/id/15838421/"><STRONG>"Closing Bell"=20
</STRONG></A></STRONG></B>at 4pm ET on CNBC. And, check out Jane's =
<B><STRONG><A=20
href=3D"http://www.cnbc.com/id/17646093/"><STRONG>"Funny=20
Business"</STRONG></A></STRONG></B>=20
blog.</EM></P></SPAN></DIV></DIV></DIV></DIV></DIV></BODY></HTML>

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