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Religion Brief: Broadcaster builds $4M home
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Published: July 4, 2009
Updated: 07/03/2009 08:00 pm
CHARLOTTE, N.C. - A religious broadcaster is building a $4 million home in a gated, lakefront community in western South Carolina at the same time that the ministry has cut jobs and reset thermostats to save money in its new headquarters.
Inspiration Networks' CEO David Cerullo is building the 9,000-square-foot home on a lot that overlooks Lake Keowee, The Charlotte Observer reported Monday.
Inspiration Networks has drawn scrutiny for up to $26 million in incentives it won from South Carolina to move from Charlotte to Indian Land, S.C., in Lancaster County. The network's revenues are expected to approach $100 million, largely from people who are told that God favors those who donate.
Cerullo has said that 80 cents of each donated dollar is spent to spread the Gospel.
In addition to laying off workers, the newspaper reported, the ministry froze wages and stopped making contributions to 401(k) retirement accounts. The thermostat on the network's new building was lowered to 65 degrees during the winter.
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