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Ryan Knudson

πŸ‘€ Speaker
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4317 total appearances
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Podcast Appearances

The Journal.
The Battle Over a Church Worth Millions

And the situation has shed a light on a problem facing churches across the country.

The Journal.
The Battle Over a Church Worth Millions

Welcome to The Journal, our show about money, business, and power.

The Journal.
The Battle Over a Church Worth Millions

I'm Ryan Knudson.

The Journal.
The Battle Over a Church Worth Millions

It's Thursday, December 18th.

The Journal.
The Battle Over a Church Worth Millions

Coming up on the show, who should own the Central Church of Christ?

The Journal.
The Battle Over a Church Worth Millions

The church at the center of this fight was co-founded in 1925 by a man called A.M.

The Journal.
The Battle Over a Church Worth Millions

Burton.

The Journal.
The Battle Over a Church Worth Millions

He was a well-to-do insurance executive in Nashville who had a strong sense of faith.

The Journal.
The Battle Over a Church Worth Millions

Burton named it the Central Church of Christ.

The Journal.
The Battle Over a Church Worth Millions

And it did more than just preach the gospel.

The Journal.
The Battle Over a Church Worth Millions

The church was a community center.

The Journal.
The Battle Over a Church Worth Millions

It fed the homeless and provided medical services.

The Journal.
The Battle Over a Church Worth Millions

It even had a daycare.

The Journal.
The Battle Over a Church Worth Millions

At its height, the church had hundreds of members.

The Journal.
The Battle Over a Church Worth Millions

But in the decades following World War II, more and more people started moving into the newly developed suburbs outside the city.

The Journal.
The Battle Over a Church Worth Millions

And as they did, its membership declined.

The Journal.
The Battle Over a Church Worth Millions

But the church still had some valuable assets.

The Journal.
The Battle Over a Church Worth Millions

The church is tax-exempt as a house of worship, and the building itself is valued at $11 million, according to a 2025 assessment.

The Journal.
The Battle Over a Church Worth Millions

And those two parking lots bring in about $40,000 a month.

The Journal.
The Battle Over a Church Worth Millions

Altogether, the church had some $3 million in the bank.