Below are answers to common questions about our building sale and transition. Click on a question to expand and see the answer.
1. Why are we selling our building?
We are selling our current building for several reasons:
Our current property is larger than we need. Over the years, our space requirements have changed, especially following a recession, a pandemic, and a national trend toward lower congregational affiliation. Our current building, while perfect for our community when we had over 600 households, now provides more space than necessary.
Our membership numbers are lower than they were when the property was acquired.
The value of our property has gone up substantially.
The sale allows us to invest in a more affordable, right-sized space while also building a strong endowment for the future.
We have been facing financial challenges for several years. We have no endowment fund or reserve fund. We’d like to live within our means and have an endowment as a safety net.
Our current property is larger than we need. Over the years, our space requirements have changed, especially following a recession, a pandemic, and a national trend toward lower congregational affiliation. Our current building, while perfect for our community when we had over 600 households, now provides more space than necessary.
Our membership numbers are lower than they were when the property was acquired.
The value of our property has gone up substantially.
The sale allows us to invest in a more affordable, right-sized space while also building a strong endowment for the future.
We have been facing financial challenges for several years. We have no endowment fund or reserve fund. We’d like to live within our means and have an endowment as a safety net.
2. Were there any other options?
Yes, the board carefully considered all possible options to ensure the long-term health and success of our congregation. Some of those options included refinancing, adding another tenant, a share ownership plan for our members, and a ground lease for another use, like a senior center. After much deliberation, we believe that moving to a smaller, more affordable location is the best option to secure a sustainable and vibrant future for our community.
3. Do we have a new place to move to?
We are actively exploring nearby options. There are many options close to us that would work. We can start looking once we have more certainty about the property sale. The new location will be close to our current site, beautiful, and welcoming, and we are committed to finding the right fit for our community's needs.
4. What will our new home be like?
Our new home will include everything we need to continue our current programs: a sanctuary, social hall, kitchen, preschool, offices, and more. The space will be slightly smaller but roomy enough to comfortably meet our needs, and it will be designed to create a cozy and welcoming environment for our community to thrive.
5. When is this happening?
This process will take more than a year. We are taking the necessary time to explore the best options and to ensure a smooth transition. We are committed to keeping you informed every step of the way.
6. Can we fit everything we need in the new place?
Yes, the new location will be designed to accommodate all the essential spaces we need, such as a sanctuary, social hall, kitchen, preschool, and offices. While the new space will be smaller than our current building, it will still meet all of our requirements for functionality and community engagement.
7. What about the preschool and religious school? Will they still be with us?
Yes, both the preschool and religious school will continue to be a part of our community in the new location. We are committed to maintaining all of our programs and ensuring that the same level of care and education is provided in the new space.
8. How much further will I have to drive?
We are committed to finding a location that is nearby. While the exact location is still to be determined, we are focused on ensuring the new building is easily accessible and convenient for our community.
9. Who makes this decision?
Our board of directors is empowered by our by-laws to make this decision. We are unanimous in moving forward with this best option.
10. Who is buying the synagogue property?
We are exploring offers from major national developers. The highest and best use of this property right now is residential development, and all the interested prospective buyers intend to develop housing on the site.
11. How much are we getting?
We are not sure of the actual final price yet, but it will be sufficient to pay our mortgage and invest in a new, beautiful, custom-designed space, with enough for an endowment to keep us financially healthy for years to come. The property has more than doubled in value.
12. What happens to the money?
After paying off our mortgage and some costs involved in the sale, we will put part of the funds towards our new home, and the balance will be invested and professionally managed to yield a solid return. The income from the invested funds will help us more smoothly operate our congregation in the future.
13. What about dedications in our current building?
All of our dedications, sacred objects, and art will be relocated, and each acknowledgment will be retained.
14. Will we still have a place for services and all our programs?
Yes, we want to reassure you that everything will continue operating as usual. While we search for the perfect space and begin the remodeling process, which could take up to a year and a half, our commitment to serving you remains unchanged. All services, operations, schools, etc., will continue seamlessly during this transition period.
15. Will there be any changes to membership or programming during this transition?
The strength of our community will continue. We hope all our members will remain as committed as they have, and we are looking forward to the new opportunity this transition will bring. All our current programming will continue and, in fact, likely even expand during this process.
16. What if I have concerns or questions during this process?
Please reach out to our President, Mark Bregman, our Executive Director, Myka Thompson, or any of our board members you are most comfortable talking with.
17. How can I get involved or help during this process?
18. Will we buy or lease our new space?
At this stage, we are exploring all options to find the best possible home for our congregation. Whether we buy or lease will depend on what makes the most sense for our long-term financial health, the needs of our community, the best location, and the overall timing to ensure success in our new space. Our priority is securing a space that is welcoming, functional, and sustainable, and we will keep the congregation informed as we move forward in this process.
Mon, March 31 2025 2 Nisan 5785