CATHOLIC DIOCESE OFFERS $50,000,000 CASH FOR CRYSTAL CATHEDRAL


The solid offer from Orange Diocese to buy the Crystal Cathedral property contains some extremely generous and, for many, unexpected concessions to the bankrupt ministry of Robert H. Schuller.  These terms are outlined in The Los Angeles Times article below.

This generosity comes at the same time as Rome’s remarkable, and once unimaginable, offer of worship space in under/unused European Catholic churches to Orthodox congregations.  A futher post will detail the statement of the Russian Orthodox Church concerning this arrangement.

Fr. Orthohippo

Los Angeles Times   Local

The Diocese  of Orange said its proposal could pull the megachurch, which was founded  more than 50 years ago by pioneering televangelist Rev.  Robert H. Schuller, out of bankruptcy by the end of the year.

The Crystal Cathedral is trying to sell the property and lease back portions  of it for use for services to help erase a $36 million mortgage and settle  nearly $10 million in unsecured debt. The church has been plagued by financial  troubles after a disastrous leadership transition and a devastating slump in  donations.

The church is also mulling several other offers. A real estate investment  firm offered $46 million, as did Chapman  University, which is considering building a medical school on the sprawling  campus. A Norco-based  church, My Father’s House  Church International, also made a $50 million offer for the property, which  includes the famous glass-spired church designed by architect Philip  Johnson.

The diocese, which is looking for a less expensive alternative to building a  new cathedral for its 1.2 million parishioners, said its proposal would allow  the Crystal Cathedral to lease portions of the property for three years at below  market rates.

At the end of the lease, the ministry would have to find a new location with  the help of the diocese.

The bid “respects the legacy Rev. Schuller worked so hard to establish,”  Diocese of Orange Bishop Tod D. Brown said in a statement. “Our offer also  clearly accommodates future diocesan needs for a cathedral and modern  administrative campus.”

Read more: http://newsok.com/catholic-diocese-offers-to-buy-crystal-cathedral/article/feed/278896#ixzz1SwDtLQNf

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About Fr. Orthohippo

The blog of a retired Anglican priest (MSJ), his musings, journey, humor, wonderment, and comments on today's scene.
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One Response to CATHOLIC DIOCESE OFFERS $50,000,000 CASH FOR CRYSTAL CATHEDRAL

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