SuperChannel President Claud Bowers says the 18-story Majesty Building along Interstate 4 in Seminole County will be ready for tenants in October 2012. (RED HUBER/ORLANDO SENTINEL / November 16, 2010)
Now SuperChannel President Claud Bowers has announced that he expects the tower to be ready for tenants by October 2012.
Even as Bowers
implored WACX-Channel 55 viewers through the years to boost sagging donations for the $40 million-plus construction project, he
was making real-estate investments of his
In addition to the $338,000 Longwood house he
owns with his
has a $311,000 Montverde house built sometime after 2003.
purchased a Lake County condominium for $450,000 in 2006.
State records show that in 2005 he
formed a partnership, Lord, Lord & Bowers LLC
, that bought a golf-course lot near Minneola for $273,800 in 2007.
A self-described businessman who operates three ministry-related companies, Bowers
said none of the donations for the Majesty Building has gone toward his
other investments or his
Last year, he
earned more than $130,000 from the ministry organizations, according to 2009 federal tax records.
In 2008, records show, he
earned more than $200,000 from SuperChannel
and related companies.
"All contribution funds are directed to the building project," he
said the partially built office tower stands as a miracle and will be a "pulpit to the world" when it's complete, with satellite-TV studios, banquet facilities, offices and retail space.
said little more remains to be done - other than the parking garage, site work and interior buildouts.
added that he
plans to lease or sell office space in the structure and use those proceeds to fund an endowment for expanding the SuperChannel's
In the time the building has been under construction, Altamonte Springs has redeveloped the adjacent Crane's Roost Park into the city's signature town center.
The local building codes and even the project's general contractor have changed.
When asked who designed the unfinished landmark - visible for miles in every direction - Bowers
could not recall the architect who penned the blueprints more than a decade ago.
Standing recently in the shadow of the construction site, with a lone front loader moving dirt, Bowers
said that, while progress on Majesty Building has been slow, the finished tower will have a much stronger financial base than some of the office buildings that went up in Orlando and elsewhere just prior to the real-estate market's collapse in 2007.