California diocese loses bid to purchase Crystal Cathedral
October 28, 2011
The Diocese of Orange, California, has fallen short in a bid to purchase the Crystal Cathedral.
The massive structure and surrounding campus in Garden Grove, California, established by the televangelist Robert Schuller, were purchased by Chapman University. The school agreed to pay $50 million for the property and lease it back to the Protestant ministry, with the expectation that the church, which is currently in bankruptcy, would eventually buy back the property.
The Orange diocese had offered a higher price--$53.6 million--for the property, but had included a provision for the ministry founded by Schuller to continue there.
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Further information:
- Crystal Cathedral picks Chapman University as its buyer (Los Angeles Times)
- Orange diocese increases offer to buy for Crystal Cathedral (CWN, 8/10)
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