From Los Angeles-The Episcopal Diocese of Los Angeles is nearing the end of negotiations to sell St. James the Great Episcopal Church in Newport Beach to real estate developers.
Bishop J. Jon Bruno announced the sale to congregants Sunday, Diocese spokesman Robert Williams said. The sale of the church could bring in roughly $15 million -- twice the appraised value of the site, Williams said.
Services at the church will likely continue into the fall, Williams said. No information on where congregants will be moved or whether the congregation may reopen at a different site was available on Monday, he said.
The church at 3209 Via Lido is in an area slated for several large development projects, including an overhaul of the Lido Marina Village, a proposed hotel on the former city hall site and townhomes in the 3300 block of Via Lido.
More here-
http://www.ocregister.com/articles/church-662194-episcopal-diocese.html
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