Paradox church launched a fundraising campaign. Projected facility cost of $8.5M. Some new renderings of the project were posted as well as a live stage production event they had onsite to kick-off the campaign took place on Nov 6, 2020 at the 900 W Belknap site. As far as I can tell reading through the notes, the $8M fundraising goal is split into two parts: $3.5M to continue funding the ministry operations and $4.5M would go towards building the new facility with the remaining balance from the $8.5M construction budget (not fundraised from the campaign) will be financed, I would guess through some type of construction loan.
On a side note, I would have guessed the budget was more around $10 to $15M but that's not based on any hard data. A lot of that really depends on a couple factors: a. getting actual estimates from a general contractor and subs taking into account current labor an material prices b. what level of finishes are going to be spec'd? A lot of churches of this scale typically incorporate some higher-end woods and other better quality material throughout in addition to a nicer lighting package and higher-end exterior materials on the façade and roof (standing seam metal). One "gotcha" expense on these new churches is the stage production equipment costs. You can easily spend $500K to $750K or more on sound, stage lights, speaker arrays, subs, amps, cameras, mixing consoles (front of house and monitors) and other production technology unless maybe they already have their own mobile set-up that can be utilized? A lot of churches that build new end up buying all new stage equipment as part of their overall budget so that everything can be fully installed and functionally tested during construction and then acoustically tuned to the space knowing that it will be 100% functional rather than using old equipment that has been set-up and torn down over and over, broken cables, undersized or oversized PA etc. Another thing is the technology package for the systems infrastructure, data cabling, wireless access points, security cameras, access control, building automation, lighting controls, A/V in the education and classrooms, office configurations, overflow seating with PA and A/V ready etc. Most churches are building their own broadcast / editing suites too because of the virtual environment we're in today and that's typically a lot more involved than someone running a laptop in the back. And those nice padded church chairs and new furniture for offices, classrooms....you'd be shocked what that all costs in total.
https://www.theparad...urch.com/desire
https://www.theparad...m/tdi-resources