The cost of our first building, site preparation and parking will be $4.7 million. We will also invest $500,000 to enhance and renovate our Kingsland Campus. This work will include much needed maintenance, updating and remodeling.
Finally, there will be a balance on the purchase of the FM1463 land. This loan balance will be around $1.7 million. Therefore, the amount needed to take care of all of these items will be $6.9 million. Typically, churches will raise one and a half of their annual ministry budget. So, for us, that would be $4.5 million. When we approved this project, we set an amount of $3 million to launch.