Notre Dame's Church Properties Initiative, a project of the Fitzgerald Institute for Real Estate, recently conducted a case study of an innovative church property redevelopment project in Austin, Texas.
The St. Austin Catholic Parish and School project serves as a model for stewards of church land. The parish faced maintenance challenges. Its facilities were showing signs of age and were poorly adapted to their current uses. Thanks to a partnership with a third-party developer, the parish was able to finance a new state-of-the-art facility. At the same time, it was able to create a revenue stream for itself, for the city of Austin, Texas, and for the diocese as a whole.
See the full St. Austin Catholic Parish and School Case Study below.