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October 27, 2011

Crystal Cathedral to be used as college campus in bankruptcy deal

"The Crystal Cathedral has endorsed selling its sprawling campus to a university as part of a bankruptcy reorganization plan, church officials said Wednesday.

The church's board of directors has backed Chapman University's offer to buy the property if the church is unable to raise enough money to avoid a sale, the church said in a written statement.

Under the plan, the church would be able to continue to use a number of buildings on the Garden Grove campus and possibly repurchase them at a later date."

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October 27, 2011 in Current Affairs | Permalink

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