LifeWay Christian Resources has finalized the sale of Ridgecrest Conference Center and Summer Camps to the Ridgecrest Foundation, a group dedicated to using the property as a Christian camp and conference center.
LifeWay will continue to hold youth camps like FUGE, CentriKid and Student Life at the facility in western North Carolina. The Ridgecrest Foundation will continue to host conferences, events and summer camp programming, including Camp Ridgecrest for Boys and Camp Crestridge for Girls.
Ridgecrest Foundation’s belief statement affirms biblical inerrancy and Scripture’s perfect authority in matters of faith and conduct, the deity of Jesus Christ and His redemptive mission, the deity and work of the Holy Spirit, and Christ’s saving work on the cross for sinful man.
LifeWay announced in April its intention to sell Ridgecrest, citing changes in organizational strategy, rising costs and uncertainty due to COVID-19 as reasons for the transfer of the ministries and property. LifeWay trustees authorized a recommendation for the organization’s executive team to pursue viable options for the sale of the North Carolina property and operations of its camps and conference center. LifeWay then announced in October it had reached an agreement to sell the 1,200-acre property to the Ridgecrest Foundation.
The sale price has not been announced. But according to a public filing with the U.S. Securities and Exchange Commission, the Ridgecrest Foundation was attempting to raise $12.5 million through a separate limited liability company called Ridgecrest Funding to finance the purchase.