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Roman Catholic Diocese to purchase the Crystal Cathedral for $57.5 million.

By sifilings on Fri, 11/18/11
Archive
Crystal Cathedral
O.C. Catholic diocese to buy bankrupt Crystal Cathedral

Discussion

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Jonathan Charles

New"The Diocese increased its..."

Fri, 11/18/11
“The Diocese increased its $53.6 million offer to $55.4 million last week, then boosted it again this weekend to $57.5 million. Diocese officials wanted to make sure the offer covered all projected debt, including an approximate $300,000 annual annuity to the Crystal Cathedral’s founder, the Rev. Robert H. Schuller, and his wife.”

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SBashoor

NewRats!

Fri, 11/18/11
This place is in my backyard, and I was really hoping the RCC wouldn’t get it. But then again, it’s had very little Gospel within its panes for its whole existence.

This is a major win for the OC RCC Diocese. It will save them over 50 million dollars in building their own cathedral from scratch.

M. Scott Bashoor Happy Slave of Christ

Related . . .

Topics: Crystal Cathedral
  • “It is time to rise up and take our church back!”
  • Rev. Schuller ousted from Crystal Cathedral board
  • Schullers want guaranteed payments of $300,000 a year for the rest of their lives
  • Crystal Cathedral files for Chapter 11 bankruptcy
  • The Diocese of Orange offers $ 50 million cash to buy the Crystal Cathedral

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