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Where did the AOD funds come from?
Funds for renovations and Retreat Center operations at St. John's were obtained from the archdiocesan Loan Deposit Program (LDP), which is an internal financial platform that the Archdiocese created more than 70 years ago to facilitate savings from parishes, schools, and other Catholic organizations in southeast Michigan and to make loans available to those same depositors.
The majority of the $30 million invested in repurposing the St. John's complex was committed in the late-1990s when archdiocesan investments were performing well amid a strong national economy and high returns on LDP investments.