{"id":9062,"date":"2011-10-27T19:35:40","date_gmt":"2011-10-27T23:35:40","guid":{"rendered":"http:\/\/blog.beliefnet.com\/news\/?p=9062"},"modified":"2011-10-27T19:48:41","modified_gmt":"2011-10-27T23:48:41","slug":"crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","title":{"rendered":"Crystal Cathedral picks university as “preferred buyer” in bankruptcy sale"},"content":{"rendered":"
\"\"<\/a>
The Crystal Cathedral<\/figcaption><\/figure>\n

Dr. Robert H. Schuller’s famed Crystal Cathedral will be sold to nearby Chapman University if the church’s board has its way.<\/p>\n

Under the plan, Chapman University would purchase the\u00a0Cathedral and surrounding buildings\u00a0for $50 million. However, it would\u00a0allow the church to\u00a0continue to use the\u00a0Cathedral itself —\u00a0and eventually buy it back,\u00a0reports Nicole Santa Cruz, in the Los Angeles Times.<\/a><\/em><\/p>\n

“All the creditors will be paid,”\u00a0said Chapman President James L. Doti. “And the Crystal Cathedral ministries will continue.”<\/p>\n

“The landmark church, with 10,000 panes of glass, filed for bankruptcy last October, citing more than $50 million in debt. It is a ministry that has been mired in turmoil throughout the last several years, beginning with the resignation of Robert A. Schuller, the founder’s son, as pastor in 2008,” reported the Times.<\/em><\/p>\n

“Three weeks ago, the church’s creditors committee filed suit, alleging that the church founder’s family members and in-laws profited as the ministry struggled.”<\/p>\n

A hearing of the creditors committee\u00a0on whether or not to approve\u00a0the bankruptcy exit plan is set for Nov. 14, according to the Times.<\/em>\u00a0According to financial statements filed Oct. 18, the church raised only $172,775.50 in an emergency appeal to save the Cathedral. In a statement applauding the Chapman decision, the elder Schuller emphasized his respect for the school.<\/p>\n

“Chapman is an esteemed educational institution and we are compatible in many ways,” Schuller told the Times.<\/em> “If Chapman emerges as the owner of the Crystal Cathedral campus, we will welcome the future students and faculty with all that our positive faith has to offer.”<\/p>\n

The Roman Catholic Diocese of Orange had also bid on the church, with a plan to purchase the campus for $53.6 million. Other interested buyers included a non-denominational church based in Norco and real estate investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dr. Robert H. Schuller’s famed Crystal Cathedral will be sold to nearby Chapman University if the church’s board has its way. Under the plan, Chapman University would purchase the\u00a0Cathedral and surrounding buildings\u00a0for $50 million. However, it would\u00a0allow the church to\u00a0continue to use the\u00a0Cathedral itself —\u00a0and eventually buy it back,\u00a0reports Nicole Santa Cruz, in the Los…<\/p>\n","protected":false},"author":270,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fbia_status":"","footnotes":""},"categories":[8],"tags":[1677,824,2201,827],"class_list":["post-9062","post","type-post","status-publish","format-standard","hentry","category-news","tag-chapman-university","tag-crystal-cathedral","tag-news","tag-robert-h-schuller"],"yoast_head":"\nCrystal Cathedral picks university as "preferred buyer" in bankruptcy sale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crystal Cathedral picks university as "preferred buyer" in bankruptcy sale\" \/>\n<meta property=\"og:description\" content=\"Dr. Robert H. Schuller’s famed Crystal Cathedral will be sold to nearby Chapman University if the church’s board has its way. Under the plan, Chapman University would purchase the\u00a0Cathedral and surrounding buildings\u00a0for $50 million. However, it would\u00a0allow the church to\u00a0continue to use the\u00a0Cathedral itself —\u00a0and eventually buy it back,\u00a0reports Nicole Santa Cruz, in the Los…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale\" \/>\n<meta property=\"og:site_name\" content=\"Beliefnet News\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-27T23:35:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-10-27T23:48:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/blog.beliefnet.com\/news\/files\/2011\/10\/Crystal-Cathedral1.jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crystal Cathedral picks university as \"preferred buyer\" in bankruptcy sale","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","og_locale":"en_US","og_type":"article","og_title":"Crystal Cathedral picks university as \"preferred buyer\" in bankruptcy sale","og_description":"Dr. Robert H. Schuller’s famed Crystal Cathedral will be sold to nearby Chapman University if the church’s board has its way. Under the plan, Chapman University would purchase the\u00a0Cathedral and surrounding buildings\u00a0for $50 million. However, it would\u00a0allow the church to\u00a0continue to use the\u00a0Cathedral itself —\u00a0and eventually buy it back,\u00a0reports Nicole Santa Cruz, in the Los…","og_url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","og_site_name":"Beliefnet News","article_published_time":"2011-10-27T23:35:40+00:00","article_modified_time":"2011-10-27T23:48:41+00:00","og_image":[{"url":"http:\/\/blog.beliefnet.com\/news\/files\/2011\/10\/Crystal-Cathedral1.jpeg"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","url":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale","name":"Crystal Cathedral picks university as \"preferred buyer\" in bankruptcy sale","isPartOf":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale#primaryimage"},"image":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale#primaryimage"},"thumbnailUrl":"http:\/\/blog.beliefnet.com\/news\/files\/2011\/10\/Crystal-Cathedral1.jpeg","datePublished":"2011-10-27T23:35:40+00:00","dateModified":"2011-10-27T23:48:41+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale#primaryimage","url":"http:\/\/blog.beliefnet.com\/news\/files\/2011\/10\/Crystal-Cathedral1.jpeg","contentUrl":"http:\/\/blog.beliefnet.com\/news\/files\/2011\/10\/Crystal-Cathedral1.jpeg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/2011\/10\/crystal-cathedral-picks-university-as-preferred-buyer-in-bankruptcy-sale#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.beliefnet.com\/columnists\/news"},{"@type":"ListItem","position":2,"name":"Crystal Cathedral picks university as “preferred buyer” in bankruptcy sale"}]},{"@type":"WebSite","@id":"https:\/\/www.beliefnet.com\/columnists\/news\/#website","url":"https:\/\/www.beliefnet.com\/columnists\/news\/","name":"Beliefnet News","description":"Top Religious News From Around the World","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.beliefnet.com\/columnists\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.beliefnet.com\/columnists\/news\/author"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/9062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/users\/270"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/comments?post=9062"}],"version-history":[{"count":3,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/9062\/revisions"}],"predecessor-version":[{"id":9065,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/posts\/9062\/revisions\/9065"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/media?parent=9062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/categories?post=9062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/news\/wp-json\/wp\/v2\/tags?post=9062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}