Crystal Cathedral picks Chapman University as its buyer

Under the plan, Chapman would purchase the campus for $50 million and allow the church ministry to lease and eventually repurchase its core buildings.
By Nicole Santa Cruz
Los Angeles Times
October 27, 2011

Chapman University has been picked by the board of the bankrupt Crystal Cathedral as the preferred buyer of the Garden Grove property.

Under the plan, Chapman University would purchase the campus for $50 million and allow the church ministry to lease and eventually buy back its core buildings.

Chapman President James L. Doti said he had not spoken to the board about the decision, but believes it is the right one for the ministry, founded by Robert H. Schuller in 1955.

"All the creditors will be paid," he said. "And the Crystal Cathedral ministries will continue." the rest image by Bruce Tuten