Printer Friendly

Five down, one to go.

Five Down, One To Go

The Pulaski Heights United Methodist Church is one parcel away from assembling the land for an enlarged parking area. Church officials would like to expand to the east and close Spruce Street between Woodlawn and Lee as part of the deal.

However, it could be years before they can acquire the remaining house at 505 N. Spruce St. where Irene Whitehurst and her poodle dog Chipper live.

"They're not going to buy this house as long as I live," vows Whitehurst. "I wouldn't take a million dollars for it."

Opponents of the project hope the 83-year-old homeowner lives for many years to come, and her little dog too.

So far the church has tapped $401,000 of its $650,000 financial package with First Commercial to buy out Whitehurst's neighbors.

In the latest deal, the Methodists paid Harold and Katherine Zimmerman $100,000 for their 1,391-SF house at 515 Spruce. Patience is not only virtuous, it can also be financially rewarding.

The other four homes on the block sold this way:

* 501 Spruce, 1,618 SF -- $83,000

* 509 Spruce, 1,417 SF -- $70,000

* 517 Spruce, 1,230 SF -- $70,000

* 521 Spruce, 1,311 SF -- $78,000

The waiting game has begun for church officials as Whitehurst is content to play the role of holdout in her 1,356-SF home.
COPYRIGHT 1990 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:The Pulaski Heights United Methodist Church bought five properties and needs only one more to complete land to enlarge parking area
Publication:Arkansas Business
Date:Jul 30, 1990
Previous Article:The numbers are in.
Next Article:Clearing house.

Related Articles
Interdenominational Deal.
Methodist Mortgage.
Breakaway Church Can't Keep Building, Wisconsin Court Says.
Population Surge Spurs Construction in Northwest.
Churches makes good borrowers: Bond issues fall from Grace in Low-Interest environment.
Christ of the Ozarks: Jesus is big here.
Rogers churches plan major construction.
Church acquisition.
Whisenhunt's land of milk and money: Shackleford Dairy Farm becomes new construction hotbed.
Church Loan.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters