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Goretti condo raffle to raise money for school

April 10, 1997

By KERRY LYNN FRALEY

Staff Writer

Diane Favret wants to clear up some confusion about St. Maria Goretti High School's condominium raffle.

Some people believe the $100 ticket buys them a chance for a time-share arrangement on the furnished two-bedroom, two-bath condo in Ocean City, Md., said Favret, the Catholic school's director of development.

But there's no sharing involved unless the winner goes into the purchase of the winning raffle ticket with relatives, friends or co-workers, she said.

For the second time in about 18 months, the Hagerstown school is giving away a beachfront condominium in Ocean City, said Favret, who heads the fund-raising effort.

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They decided to try it again based on the success of the first raffle in late 1995, when the school made $36,000, she said.

This year's prize also is located in the Capri high-rise, which has an indoor pool, tennis court, exercise room and game room, Favret said.

The condo is on the fifth floor of the building, at Coastal Highway and 110th Street, she said.

The school is buying it from a Silver Spring, Md., family, which has never rented out the 1,140-square-foot unit, worth more than its $110,000 sale price, Favret said.

Comparable units rent from $600 to $800 per week, she said.

Closing costs will be paid by the school, Favret said.

It's up to the new owner to assume all ownership fees after the sale goes through, probably in early summer, she said.

Ticket buyers have - at the outside - a 1-in-2,500 chance of winning, since no more than 2,500 tickets will be sold, she said.

Only about 1,400 tickets were sold last time, when a 70-year-old Cresson, Pa., man won on a ticket he purchased with his two brothers and a sister.

With a little more than a month to go before the May 18 drawing, sales are about 40 tickets ahead of last time, but they're still short of what the school needs to turn a profit, Favret said.

If they don't get at least 1,000 takers by May 1, the school will give up its $2,500 deposit on the condominium and cancel the raffle, she said.

That would be a real disappointment, said Favret, who said the 251-student school relies on fund-raisers to cover 20 to 25 percent of its operating budget.

The drawing will be held at 1 p.m. May 18 at the school, located at 1535 Oak Hill Ave., Hagerstown.

Tickets can be purchased at the school between 8:30 a.m. and 3 p.m. weekdays or through the mail, Favret said.

For more information, call 739-7223.

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