Golden Gate Seminary finalizes campus sale

MILL VALLEY, Calif. (BP, TAB) — After announcing plans to sell earlier this year, Golden Gate Baptist Theological Seminary in Mill Valley, Calif., has finalized the sale of its property by signing the sale documents July 24. With a base price of $85 million, the sale makes it possible to purchase a new campus in Southern California and to add $50 million to its endowment. Jeff Iorg, seminary president, said, “We are delighted this first phase of our relocation is complete.” The seminary will remain on its current campus for two more years.

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State Baptist newspaper serving Baptists in Alabama, providing information, inspiration and interpretation as well as challenging readers to serve and find opportunities for ministry that further the kingdom of God.
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