Friday, October 28, 2011

Megachurch Sold

Chapman University is buying the Crystal Cathedral in Southern California for $50 million. The megachurch is in the same amount of debt and was forced to get rid of the property. The church founded by Robert Schuller filed for Chapter 11 bankruptcy a year ago. Schuller and his family have been accused by creditors of profiting from the church will bills went unpaid, which they have denied. The deal won't be finalized until next month.

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