Since this seems to be of interest to many, I thought we could discuss it here.
Lutheran CORE presentations I've attended here in Western New York offered some interesting solutions for the short term that I think are very creative when it comes to pastoral education.
First thing mentioned was that the new church will be too small to invest in "bricks & mortar", so alternatives have to be found.
Second, basic subjects like Greek and Hebrew are the same regardless of the institution. So a new seminary is not required for a good deal of the classes that would be offered.
It was mentioned that unlike the LC-MS, ELCA seminaries are not owned by the church. According to the presenter, two seminaries, Luther and Southern, still have a number of orthodox professors on staff, and the seminary administrations are interested in working with NALC/CORE in creating a curriculum for orthodox students that would be approved by the new church. (After all, as private institutions, their survival rests on filling the seats, and in good capitalist fashion, if this is what the market needs and they can supply it, it's the logical thing to do.)
In addition, there exist a number of orthodox seminaries. I won't mention any names, but I believe there was one Methodist, two Anglican and one non-denominational suggested, where a "Lutheran Chair" could be established to provide for uniquely Lutheran content in those settings.
Another option being explored involved the Institute of Lutheran Theology (ILT) and online courses.
I guess it boils down to this: We're in a unique situation, and the old answers won't work (at least for the near term), so the committee really has to look outside the box in coming up with solutions for orthodox Lutherans. I was impressed with the possibilities presented and increased my confidence in the many good people trying to bring forth a new Lutheran Church.