PUBLIC NOTICE

Date: 10 Jul 2023

SUBJECT: REGRETFUL ANNOUNCEMENT REGARDING PROPERTY ACQUISITION FOR HARE KṚṢṆA CULTURAL CENTRE

Dear Devotees and Well-Wishers,

With a heavy heart, we write this notice to inform you about the unfortunate outcome of our endeavor to acquire the property for the Hare Kṛṣṇa Cultural Centre. Despite our collective efforts, we deeply regret to inform you that we have lost the property deal at 556 Sims Avenue. It is with great disappointment that we share this news.

Throughout this journey, we witnessed an overwhelming display of support from our community, and for that, we extend our heartfelt appreciation. We are grateful to all the individuals who came forward, both financially and through their valuable contributions, to help us achieve our fundraising target. Your unwavering dedication and commitment to our cause have touched our hearts, and we are indebted to you for your kindness.

However, we must acknowledge that despite our best efforts, we fell short of the funds needed for this project. Our fundraising initiatives were unable to bridge the gap between the required amount and the funds collected. We deeply apologize for not being able to meet the financial expectations and deliver the desired outcome.

As a result, we have lost the 5% downpayment deposit, amounting to $560,000. Additionally, we incurred expenses of over $60,000 for legal fees, permit acquisitions, website, promotional marketing and other administrative costs. We are hopeful that the Buyer’s Stamp Duty (BSD) of $330,600, which we paid, will be refunded by IRAS since the deal did not materialize.

We understand the disappointment and frustration that this news may cause, and we sincerely apologize for any inconvenience caused. Our intention was to establish a magnificent Hare Kṛṣṇa Cultural Centre that would serve as a spiritual oasis for all. Unfortunately, circumstances beyond our control have prevented us from achieving this goal at present.

We want to assure you that the Temple Building Fund remains active and serves as a reserve fund for future temple projects whenever they become feasible. We encourage you to continue supporting the Temple Building Fund, as your contributions will play a crucial role in shaping our future endeavors.

To make a donation to the Temple Building Fund, please find the contribution options here.

Once again, we express our deepest gratitude to all those who contributed their time, effort, and financial resources towards this noble cause. We sincerely apologize for any disappointment caused and assure you that we remain committed to our mission of providing a spiritual haven for our community.

May Lord Śrī Kṛṣṇa bless you abundantly with His divine grace and guidance.

With profound gratitude,

Tattvavit dāsa

Secretary

International Sri Krishna Mandir

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  of Kṛṣṇa Consciousness