Plans & Finances – Previous

We began with a gift of land, concept drawings and a step of faith.

When we first began the journey in 2018 to raise funds and build, we presented a financial plan based on estimates. We knew God was calling us to BUILD more room for God in our church, in our city and across the world. 

At that point we had not yet gone out to tender, our drawings had not been fully designed, and did not anticipate changing realities, such as a pandemic. But God knew.  

God is providing.

Here is where we are at. 

We celebrate what God has already been doing with our funds.
By God’s grace, as of August 2021:

We have raised $15.7 million towards our BUILD projects.

Airdrie, South and Bridgeland Campuses have received important upgrades.

Bearspaw Campus (Northwest Campus) opened in September 2021. Praise the Lord!!

Global Mission BUILD projects have seen 7 construction projects completed or in progress across four continents, including the Centre for the City here in Calgary at Central Campus.

Our Central Campus Phase 1 construction is advancing rapidly, and we are moving forward to complete phases 2 & 3 as well. If giving continues at the current rate, we estimate it will take 2 years to complete construction and 3 years to for pay it. Phase 4, (full development of the fourth floor) will be deferred to an undefined future date.

New Giving Goal: $9.8 million
– $2.3M is the shortfall from the previous goal, which had not yet been adjusted for cost increases.
– $7.5M is the net cost increase,  including all new and previously communicated cost increases, for the entire project including Bearspaw, Central, Global and Other Campuses. One Project, Many Locations.
Join us in prayer for God’s provision and timing.

The path forward.

The project has experienced some cost increases and we did not meet our original three-year fundraising goal, of minimum $18 million. As a result, our new giving goal is $9.8M.

  • $2.3M is the shortfall from our previous goal, which had not yet been adjusted for cost increases.
  • $7.5M is the net cost increase including all new and previously communicated cost increases, for the entire project, including Bearspaw, Central, Global and other campuses. One Project, Many Locations.

We’ve determined that if giving toward the BUILD project continued at its current rate, it would be possible to fully pay for the project including full development of phases 2&3 in about 3 years. The remaining construction period is about 2 years. 

The decision regarding the pace at which we move forward will be determined by:

  • the pace of giving toward the project
  • our ability to obtain & retain good pricing on the remaining costs through project tenders and other market price research
  • our ability to delay some costs without losing the good pricing available to us
  • ministry needs in those spaces

To learn more details about the costs and realities that are factoring into our decision process, click here. 

We are trusting our Lord to provide the resources that are needed, and we invite you to pray with us that God would lead in about how best to move forward, and whether you would sense God leading you to continue to support this project financially and with your prayers.

Join us in prayer

CSC Leadership has committed these BUILD projects to prayer, knowing that God is faithful and has been affirming and leading us on this journey. Please join us in prayer as we move forward to completion.

Drawings

Financial Plan

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