UPDATE March 28, 2012 10:30 p.m.-- WDBJ7 has learned developers have backed out of a deal to buy a major fixture in the New River Valley. Blacksburg Baptist Church was set to sell its property, but in an email to its congregation, church leaders said the developer, Landmark Properties, "encountered significant opposition within town government to the removal of the historic designation from the back half of our properties."
It goes on to say:
"Certainly, we are disappointed, but we are not discouraged!
The leaders... met and we have already begun to pursue other options. We know our church sits upon
very valuable property. We are already aware of other interested parties and we expect another offer within the next few days. We are prepared to take whatever road God opens for us, and we faithfully
anticipate the road will lead to the fulfilling of God’s will for our church!"
Last September, Blacksburg Baptist Church agreed to sell its entire tract of land, a whole town block, to a Georgia developer.
The deal's worth 9 million dollars, but that developer, according to a parishoner, is now asking for more time to consider the deal.
BBC has two structures on its property that have been labeled ''historic'' by the town. Paperwork states the developer wants to approach the town about removing that historic designation.
If both sides can't come to an agreeement, the developer can back out of the deal.