Q: WHY ARE WE SELLING THE PLANO CAMPUS?
A: The Plano Campus continues to faithfully offer life-changing ministry. Over the years, thousands of lives have been changed at our Plano Campus. As we have mentioned in the past, this campus has been declining in attendance for more than a decade resulting in a facility that is too large and too expensive for our congregation to maintain.
Q: WHAT’S THE LATEST?
A: As we have shared over the past two years, we have been searching for a buyer for this facility. In June our LifePoint Board of Directors unanimously voted to sign a Purchase and Sale Agreement putting LifePoint “under contract” to sell the campus to a charter school. We’ll share the name of the buyer as soon as the process allows. In the meantime, we praise God for providing a buyer who could offer a fair price and a window to lease back the Plano campus. Both are an answer to prayer!
Q: WHAT COMES NEXT AFTER SIGNING THE CONTRACT?
A: Signing the Purchase and Sale Agreement is the first step toward the sale becoming official. The next step is for the charter school to spend 120 days organizing inspections and conducting their own due diligence. At the end of that step, the charter school must release non-refundable escrow money to continue toward closing. The entire process will take anywhere from five to eleven months to finalize.
Q: WHAT ARE THE DETAILS OF LEASING BACK THE PLANO CAMPUS?
A: The Purchase and Sale Agreement includes the option for LifePoint to lease the Plano campus on Sunday mornings at our current Sunday morning usage and one evening a week (for worship rehearsal) for up to two years. There is an optional third year that includes a smaller portion of the building to be used by LifePoint allowing the school to expand. LifePoint has the option to leaseback the facility under these terms or to cancel at any time with a written 30-day notice.
Q: WHAT IS THE FUTURE OF THE CAMPUS AT ROCK HILL?
A: The Rock Hill Campus continues to grow with many guests each week. Any steps toward a more permanent campus up north cannot be taken until we sell the Plano Campus. A commercial broker will begin the process of identifying land and buildings available for purchase or lease in northern Collin County for consideration.
Q: WHAT ABOUT GROUPS THAT MEET DURING THE WEEK ON THE PLANO CAMPUS?
A: These will continue meeting up through the end of 2023. Though there is a possibility that we could eventually find a temporary location for staff offices and some small groups, the best option is to make off campus plans for 2024: meeting in homes, coffee shops, etc. Our staff will be contacting group leaders individually over the next few months to support groups.
Q: WHAT WILL CHURCH LOOK LIKE IN THE NEAR FUTURE?
A: No change. LifePoint will continue to faithfully share Jesus and build believers at the Plano Campus and the Rock Hill Campus to reach more people and the next generation. Both campuses will continue to have in-person teaching, worship, and ministry activities. We will periodically come together to worship as one family at one location, particularly on special occasions.
Q: WHAT CAN WE BE DOING RIGHT NOW?
A: It’s never been about a building. We exist to share Jesus and build believers. Our faith can grow in this process. For your faith to grow, keep serving, participating in groups, financially giving, and inviting people. Please pray for our church, our leaders, and our community. And, pray for the Purchase and Sale Agreement to close timely. God will be faithful to provide as we obey Him and seek to be good stewards of His resources.
Q: WHO DO I REACH OUT TO IF I HAVE A QUESTION?
A: If you have any questions, please email Pastor Dennis at firstname.lastname@example.org.