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Higher Ground Empowerment Center, formerly Mount Gilead Missionary Baptist Church, sits in a neighborhood called Vine City where civil rights leader Martin Luther King Jr. lived before he was slain in 1968.
‘Safe Haven’
Census figures from 2006 through 2010 show a 69 percent poverty rate for families with children in the tract that includes the church, which sits in the shadow of downtown Atlanta’s Georgia Dome and World Congress Center. The area was 92 percent black.
Higher Ground’s financial difficulties stemmed from expansion ambitions, the economic downturn and natural disaster, Pastor Dexter Johnson said in an interview there.
The institution took out a $1.1 million loan from BB&T in October 2007, intending to renovate and expand, Johnson said.
Higher Ground already owned a barber shop and apartment house. The 48-year-old pastor planned a day-care center for the elderly, a home for battered women, a shelter for child prostitutes and a halfway house for felons on property nearby.

See the full article from “BusinessWeek”