RIDGECREST, N.C. (BP)—Trustees of LifeWay Christian Resources approved additional property in the sale of Glorieta Conference Center, elected a new technology vice president and received an encouraging report from Thom S. Rainer, president and CEO.
“Significant changes have taken place at LifeWay over the last eight years,” Rainer told the trustees at Ridgecrest Conference Center in North Carolina. “Had we not made these changes, LifeWay would be in serious trouble today.”
Rainer described the challenges of coping with an increasingly digital world and the “great economic recession” which brought about permanent changes in many church practices.
“We were not prepared for the fact that some of the changes churches made in response to the recession would continue to impact LifeWay even beyond the downturn,” Rainer said. “But the changes made us more dependent on God, more efficient, and a stronger organization prepared for the future.”
Rainer cited numerous examples of growth in the sale of LifeWay resources including the reverse of a 29-year decline in sales of ongoing Bible study curriculum.
“Every quarter for nearly three decades, the number of units of ongoing Bible study materials used by churches has declined. But, for the last four quarters, those units have increased,” Rainer reported.
“Stop and consider the magnitude of that information. The resources that provide more ministry to more churches and individuals than anything else LifeWay produces declined for nearly 30 years, but have now increased four quarters in a row. That is an incredible blessing of God.”
During the Aug. 26-27 meeting, Rainer also highlighted advances in B&H Publishing books, Bibles and supplies, growth of LifeWay Christian Stores, and strategic information provided by LifeWay Research, along with increased effectiveness and efficiency from LifeWay’s support areas.
Additionally, Rainer spoke briefly about the sale of Glorieta Conference Center to a Christian camping ministry called Glorieta 2.0.
“Despite the pain, we cannot continue to fund Glorieta and deprive resources to other areas of LifeWay,” he said. “That’s not the right stewardship. My heart tells me we’re doing the right thing.”
Trustees voted to add 140 acres to its previously announced sale of Glorieta, located near Santa Fe, N.M., to Glorieta 2.0. Because the tract is not contiguous to the main
Glorieta campus, LifeWay was planning to market it separately. However, Lifeway decided to include it in the sale “to provide additional incentive for Glorieta 2.0 to increase compensation to those who have built cabins and made other improvements on leased property on the campus,” Jerry Rhyne,
Lifeway’s vice president of finance, said.
Sixty-five churches, institutions and individuals own structures on lots at Glorieta but do not own the land—a practice started in 1952 with 25-year non-renewable leases. Most of the current leases expire this fall and, if not renewed, require leaseholders to vacate the properties.
Glorieta 2.0 has given leaseholders several options to expiration:
You must be login before you can leave a comment. Click here to Register if you are a new user.