Orange diocese raises bid for Crystal Cathedral
Catholic World News - November 10, 2011
The Diocese of Orange, California, has raised its bid for the Crystal Cathedral, offering $55.4 million for the property.
The Orange diocese has moved to block the sale of the property to Chapman University, which has now raised its own offer to $51.5 million. The Crystal Cathedral ministry, which is in bankruptcy, preferred the Chapman bid, because it would allow for the current owners to lease back the cathedral and perhaps eventually re-purchase it. However, a lawyer for the Crystal Cathedral has now indicated that the bid by the Orange diocese is also acceptable.
The bankruptcy court will now choose between the two offers.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Our Fall Campaign
Progress toward our year-end goal ($161,864 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!