Will Fr. Geary be able to comply with the requests from the Diocese and build his church?

The pastor is currently embroiled in a fight for rezoning and special use for the 5 story church to be built on the old convent site.

The financial side of the equation is also great.  This October 8, 2010 letter from the Rockford Diocese indicates what was required at that point.  To summaries: 

1.  The project will not exceed $5.5 MILLION INCLUDING DEMOLITION AND PARKING LOT CONSTRUCTION.

2. Project will not begin until $1 million is cash is collected and deposited in   DIAL (Diocesan Investment and Loan Office).

3. Capital Campaign has $3 million in pledges.

4. Cash flow analysis of capital project outlays including all projected outlays and sources of revenue including amortization of any debt.

Note the letter mentions demolition.  Was the old church slated for demolition back in October?  Was the plan in October to be on the old parish site rather than the 22 acre site?  Have any of these conditions changed? Is this project over the $5.5 million maximum number? How much does the parish have in DIAL for the project?  Do any of us know?