I thought I would give a quick update on what's happening with our desire and pursuit of purchasing the REX movie theater in Chaska for our first permanent home.
First...KEEP PRAYING!!!
Two weeks ago, we submitted an offer and this week we received a counter offer from the seller. Good news is that we are in the same ballpark and the seller has a desire to work with us. Bad news is that the counter offer was beyond what we could afford.
Let me remind everyone that as badly as we want to purchase this building, we will not if it means putting Meadow in a financial position beyond what we can afford now. The staff and Leadership Team are very committed to holding the line on this - even if if means choosing not to pursue the REX anymore.
In response to the seller's counter offer (which we can't afford), we (the Leadership Team) met and decided on a response - a counter to the seller's counter. This response will be submitted to the seller sometime today (Friday) or over the weekend.
So where are we at? We will wait to hear back from the seller on our latest offer which could be early next week or could take a couple weeks. In the mean time KEEP PRAYING!!!
One positive is that the seller has offered to meet with us face to face to discuss the deal. This is very positive and we will be taking him up on that in the near future.
If you have any questions, please don't hesitate to email me at john@meadowspring.org. I can't share any of the details of the negotiations, but I will share as much as I can without jeopardizing the process.
In the meantime ... KEEP PRAYING!!!