Strategy 1–Sale of 100 South Morgan Street (the Presbytery Office building)
In this strategy, the PRTF will renegotiate with the prospective buyer regarding an earlier closing date for the sale at new terms. If unsuccessful, the Presbytery will resume marketing the property. In October 2008, the Presbytery voted to sell the Presbytery offices at 100/110 South Morgan, Chicago. It was hoped that funds from that sale would be available for the first payment on the loan due September 2009. However, a final contract has not yet been signed, and the prospect for a closing by September is unlikely.
