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Oct 28, 2011 12:34
Category: Religious News

Crystal Cathedral board sells property to local University

   GARDEN GROVE, Calif. (AP) - Southern California's Crystal
Cathedral has endorsed selling its sprawling campus to a university
as part of a bankruptcy reorganization plan.
     The church says in a statement that its board of directors backs
Chapman University's offer to buy the property if the church is
unable to raise enough money to avoid a sale. Under the plan, the
church would be able to continue to use a number of buildings on
the Garden Grove campus and possibly repurchase them at a later
date.
     Crystal Cathedral founder Dr. Robert Schuller praised Chapman
University in the statement, saying it's compatible with the church
in many ways, but added that the church looks forward to a new
dream of "buying the core campus back."
     A federal bankruptcy judge still must rule on the reorganization
plan. A hearing on the matter is scheduled for Nov. 14.