MY RESPONSE TO THE PDN STORY: “CHURCH FINANCES IN SHAMBLES”

GUAM
Jungle Watch

The story can be found here. Following is the comment I posted on the PDN website.

Here’s a few facts for now. Not that they matter to Apuron.

The 7 million dollar debt was incurred in the building of the Saint Therese chapel and the addition of the museum at the Cathedral. Both projects were approved by all the required boards and councils and ultimately signed off on by Apuron, since HE is the only person who can do so.

The loan is current and is amortized over 30 years. It is also fairly recent. And as anyone with a mortgage knows, the mortgagee makes little headway knocking down the principal for the first several years. Apuron approved the projects with enthusiasm because they made him look good. There will be more facts to come, but for now:

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