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Crystal Cathedral

September 15, 2011 | By Nicole Santa Cruz, Los Angeles Times
The judge in the Crystal Cathedral bankruptcy case agreed Wednesday to move forward with an exit plan that calls for the sale of the church's Garden Grove property. In the next month, about 400 creditors will vote on an exit strategy; the Roman Catholic Diocese of Orange and Chapman University, both of which increased their initial bids, remain the leading candidates to buy the property. The creditors committee, composed of various vendors, is open to considering other offers, attorney Nanette Sanders told the court.
August 10, 2011 | By Nicole Santa Cruz, Los Angeles Times
Chapman University and the Roman Catholic Diocese of Orange appear to be the front-runners to buy the bankrupt Crystal Cathedral, but if church insiders vote to block the sale of the property, creditors vow to sue, according to court documents filed Tuesday. In that event, the creditors committee would attempt to recover what it sees as "preferential" payments to church insiders in the two years leading up to the church's Chapter 11 filing, the documents say. A spokesman for the Crystal Cathedral did not respond to a request for comment.
August 2, 2011 | Nicole Santa Cruz
The bankrupt Crystal Cathedral will continue to rely on a faith-based approach to emerging from Chapter 11 while the creditors committee works on a separate exit plan for the church, lawyers said in court Monday. The church's leadership announced Sunday that it no longer wants to sell the Garden Grove campus to pay off more than $50 million in debt and instead would attempt to raise that amount through donations. On Monday, the church's website proclaimed, "Be part of the miracle.
August 1, 2011 | By Nicole Santa Cruz, Los Angeles Times
Leaders of Orange County's bankrupt Crystal Cathedral backed away from talk of selling and called on congregants and "Hour of Power" television viewers to open their checkbooks to help erase more than $50 million in debt. The announcement that the architecturally rich Garden Grove campus is not for sale came during Sunday morning services and followed a vote Thursday by its board of directors. Last week the church reorganized the board, adding five members. In a statement, church founder Robert H. Schuller called the decision not to sell "unexpected" but applauded the effort.
July 29, 2011 | By Nicole Santa Cruz, Los Angeles Times
Jim McDonald, a longtime member at the Crystal Cathedral, wants to preserve the legacy of founder Robert H. Schuller. Which is why the Fountain Valley resident is continuing to support and organize an online and paper petition to rid the bankrupt church's board of directors of any voting family members, despite Wednesday's announced shake-up in which five independent voices were added. "If you read the petition, it's really straightforward," McDonald, a spokesman for the effort, said Thursday.
July 12, 2011 | By Nicole Santa Cruz, Los Angeles Times
Crystal Cathedral bankruptcy filings made Monday appear to indicate that the church is actively interested in offers beyond one made by an Orange County real estate development group two months ago. In those filings, the church requested partial withdrawal from a plan that would make Greenlaw Partners the primary bidder for the property, entitling the group to a fee if outbid. In an exit plan filed by the church in May, Greenlaw would purchase the Crystal Cathedral property for $46 million, lease the church and other buildings back to the ministry and construct apartments on other parts of the campus.
July 8, 2011
About glass houses Re "Crystal Cathedral denies Rev. Schuller was ousted," July 5, and "Church campus gets a new suitor," July 6 The sad state of affairs at the Crystal Cathedral is another blow to religion in this nation — another example of what money and ego can do to people who do not follow what they preach. To a man of faith, the amount of money that church leaders wasted on buildings, lifestyles and grand productions is almost unbelievable. Imagine all that money going instead to charities.
July 7, 2011 | By Mitchell Landsberg and Nicole Santa Cruz, Los Angeles Times
A new and intriguing prospect for the Crystal Cathedral emerged Wednesday when the Roman Catholic Diocese of Orange said it was considering buying the bankrupt church in Garden Grove and converting it to a Catholic cathedral. The announcement by Orange Bishop Tod Brown came one day after Chapman University made a $46-million bid for the 40-acre site. The Crystal Cathedral had earlier reached a tentative agreement for a sale and lease-back deal with a real estate developer, subject to approval by U.S. Bankruptcy Court Judge Robert Kwan.
July 6, 2011 | By Nicole Santa Cruz and Mitchell Landsberg, Los Angeles Times
Chapman University offered Tuesday to purchase the Crystal Cathedral campus for $46 million as part of a proposal that would allow the bankrupt church to lease back its core buildings and repay debts sooner than the initial exit plan put forth two months ago. A draft of the school's offer, backed by the church's creditors committee, was filed in Bankruptcy Court in Santa Ana, along with a motion to end the church's exclusive right to present a...
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