Is pretty much a mansion. The church secured a $1.6 million mortgage on the house and took out a loan for $10 million dollars to give him a line of credit:
A two-week FOX News investigation, however, has uncovered where Wright will be spending a good deal of his time in retirement, and it is a far cry from the impoverished Chicago streets where the preacher led his ministry for 36 years.
FOX News has uncovered documents that indicate Wright is about to move to a 10,340-square-foot, four-bedroom home in suburban Chicago, currently under construction in a gated community.
[...]
Documents show Wright sold the property to his church, Trinity United, in December 2006, with the proceeds going to a living trust shared with his wife, Ramah.
The sale price for the land was just under $308,000, about $40,000 less than Wright’s original purchase two years earlier.
Public records of the sale show Trinity initially obtained a $10 million bank loan to purchase the property and build a new house on the land.
But further investigation with tax and real estate attorneys showed that the church had actually secured a $1.6 million mortgage for the home purchase, and attached a $10 million line of credit, for reasons unspecified in the paperwork.
(via)
Also, Glenn Beck interviewed Anthony Bradley of Covenant Theological Seminary on black liberation theology. Justin Taylor has the video and other related links.
posted March 28, 2008 at 11:24 am
Would anyone actually expect 2 people to live in anything less after 40 years of preaching? I’m sure he can still help the poor area of Chicago (where the church is located) from his 10,000 plus square foot house.
posted March 28, 2008 at 11:50 am
Maybe that’s what the $10 million line of credit is for, to give it away to the poor. And maybe he’s got a special room set aside for the homeless.
posted March 28, 2008 at 11:58 am
It has to be large to contain all his hot air.
posted March 28, 2008 at 3:44 pm
How many preachers after 40 years of preaching (not counting the evangelicals who rip folks off on TV and already live a lavish lifestyle on other people’s money or “donations”) are able to “retire” to a gated community in a mansion? I really don’t think regular ministers go into the business for the $$.
posted May 2, 2008 at 2:56 pm
From what I understand, Wright has been living this lavish lifestyle for many years now. The man has wanted for nothing, yet he complains. Go figure.
posted May 2, 2008 at 10:50 pm
“are able to “retire” to a gated community in a mansion?’
If he wrote best selling books, he might be able to retire comfortably. This seems to be a payment from his church which makes me think of trying to hide connections to the money or at the very least, they wanted to give him a very nice send off
posted August 9, 2008 at 2:59 pm
Rev Wright is what we call in the white Race the leader of the (Modern day black KKK he is by far one of the biggest racist in America him Al Sharpton and Rev Jackson better known as the 3 stooges of the black community oh sorry i forgot that 4th one whats his name farakan
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posted September 29, 2010 at 12:14 am
The sale price for the land was just under $308,000, about $40,000 less than Wright’s original purchase two years earlier.