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• W210844763 abstract "When the Rev. Thomas Dix Bowers was called as rector of St. Bartholomew's in 1978, the parish that awaited him was primarily elderly and stable, but one that sponsored a community club for young adults with over one thousand members. According to the responses to a survey sent to the 1,487 parishioners in September 1978, 33.5% were age sixty-five or over, and another 29.4% were between age fifty and sixty-four. In terms of tenure, 32.7% reported that they had been a member of the parish for twenty-one years or more; 26.1% said their association was between ten and twenty years.1 Once known for its wealthy, socially prominent congregation, the parish was living off its tenmillion-dollar endowment while retaining some customs, such as a number of rented pews, from an earlier era. One couple still arrived on Sundays in their Rolls-Royce, but the popular perception of the parish was of a place where this lady and gentleman were the rule, not an exception. In 1978, annual giving was $134,000 (from 468 donors). By 1980, under Bowers's leadership, this would more than double to $277,754. But expenses were also increasing, at a faster pace. For 1979, St. Bartholomew's posted an operating deficit of $651,000. Part of the increase in expenses was driven by the rector's desire for new programs, especially ones serving the urban poor and homeless. To Bowers, people who professed and called themselves Christian could not sit comfortably in their church while less fortunate souls outside were going without food or shelter. The Church is the Body of Christ, it is not a was the credo-Bowers preached with eloquence and verve throughout his ministry. He also said [a] magnificent structure like this [St. Bartholomew's] ought to be magnificent in terms of love and caring and outreach.3 In the face of much obloquy and criticism over the next ten years, he did not waiver in this belief. But programs were not the only cause of budgetary pressure. In 1977-78 the parish had been obliged to spend approximately $200,000 repairing the dome. Given the size and age of the building, further expenses of this magnitude were anticipated. By 1980, the New York City commercial real estate market had recovered from the slump of the 1970s when the city flirted with bankruptcy. Between 1978 and 1980, the vacancy rate in midtown would decline from 4.48% to 2.70% and the average asking rent would rise from $14.37 to $32.83 per square foot.4 The inevitable result was pressure on developers to bring more space to market and competition for building sites. The overall economic picture was not as favorable. The country emerged from a recession in July 1980; the unemployment rate for the second quarter was 7.6% nationwide. During 1979, the consumer price index had risen 13.3% and 1980 would see another double-digit increase. The prime rate stood at 12'/9% in September 1980. The Dow Jones Industrial Average, which had closed over 1,000 in September 1976, would not close at that level again until November 1980. The vestry sought to devise a plan to accomplish two goals: increase the amount of space available for church programs and maintain the sacred fabric. In early 1980, a small group of vestrymen began quietly to explore the possibility of taking advantage of the real estate market to develop the site occupied by the community house adjacent to the church. In 1979, Marc Haas, then the senior warden of the parish, sold his stamp collection for approximately $11 million.·1 The next year, he gave one million of the proceeds to St. Bartholomew's as an addition to the endowment. For a time, there was talk of using his gift to spark a capital campaign, and a goal of $12 million was under discussion. But the vestry concluded that such a goal was not viable, and the proposed campaign was shelved. In the face of double-digit inflation, a stagnant stock market, the parish's current income not keeping up with current expenses, the likelihood of further large expenses to maintain the building and no immediate prospect of a capital campaign, the vestry felt compelled to explore the real estate option, especially in view of the strong market. …" @default.
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• W210844763 date "2002-03-01" @default.
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• W210844763 title "The Late Unpleasantness: St. Bartholomew's Church and the New York City Landmarks Law" @default.
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