NEW YORK (RNS) The American Bible Society will sell its 12-story building on Broadway, vacating prime real estate in the heart of Manhattan that serves other evangelical ministries.
The society rents space to several New York-based evangelical organizations, such as Q Ideas, Redeemer Presbyterian Church’s Center for Faith & Work, the Museum of Biblical Art and Young Life. Through the years, the building had become a destination for Christians in the city.
The 200-year-old ABS first occupied the 1865 Broadway address in 1966 with a ribbon-cutting ceremony attended by Billy Graham. The organization has not made any decisions about a new location, but a spokesperson said it remained committed to New York City.
“The decision to sell the property was made to unlock the value of the site to further the mission of American Bible Society,” board Chairman Pieter Dearolf said in a statement. ”I believe we will always maintain a presence in New York City, the epicenter of American culture and commerce.”
ABS was last in the spotlight in January, when it named Roy Peterson to succeed Doug Birdsall as president. Birdsall was fired by the ABS board in October after only months on the job. He expressed surprise when he was told that ABS was selling the building.
“It’s the best Christian real estate in the country, some of the best Christian real estate in the world,” Birdsall said. “It may add to the financial assets, but it doesn’t necessarily expand the significance of the ministry.”
Read the rest here. Let's hope that they are not leaving New York City.