City of Fort Worth to buy seminary housing units for $11 million

Southwestern Baptist Theological Seminary could get an $11 million infusion of cash if a planned sale of 15 acres of property to the City of Fort Worth goes through.

The sale of most of its Carroll Park student housing complex, which encompasses 20 acres separate from the main seminary campus, would be a financial boon to the Southern Baptist Convention seminary that recently has experienced declining enrollment and a multi-million budget deficit that has yet to be publicly reported in detail.

The city has put together a public-private partnership to acquire the land—currently populated with 1950s-era duplexes and triplexes—and convert it to permanent housing for families fleeing domestic violence and people experiencing houselessness.