Orange diocese raises bid for Crystal Cathedral
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.
For all current news, visit our News home page.
Further information:
- Diocese of Orange raises its bid for Crystal Cathedral (Los Angeles Times)
- Orange diocese moves to revive bid to purchase Crystal Cathedral (CWN, 11/2)
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a current donor, log in to see the comment form; otherwise please support our work, and Sound Off!