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Home » Posts Tagged "Bankruptcy"
It’s Official:  Crystal Cathedral is now Catholic
  • Current Events
Feb06

It’s Official:...

posted by Todd Rhoades

The Diocese of Orange has officially closed on their purchase of the Crystal Cathedral property.  The Catholic church agreed to pay $57.5 million for the property. The current Crystal Cathedral congregation has 3 years to find another place to worship. You can read more...

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Insider Trading at the Crystal Cathedral
  • Current Events
Jan31

Insider Trading at t...

posted by Todd Rhoades

An interesting story in yesterday’s Orange County Register that I admit I don’t fully understand. Seems that some tried to block the sale of the CC to the Catholic Diocease because of a 1987 lease that agreed to give the building and property to Robert Schuller Ministries in return...

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Deferred Miracle?
  • Current Events
Nov21

Deferred Miracle?

posted by Todd Rhoades

Well… last week the judged ruled that the Crystal Cathedral will be sold to the Roman Catholic Diocese of Orange. Sunday at services at the CC, Senior Pastor Sheila Schuller Coleman thanked God for ‘intentionally delaying” a miracle.  Here’s what she said, according...

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$300k per year… Forever
  • Current Events
Nov15

$300k per year…...

posted by Todd Rhoades

Wow… things are getting even more interesting in the Crystal Cathedral settlement. Last week, I did a post on churches and pastors that just don’t get it.  This could very well be part 2. Everything’s coming down to a judge’s determination this week (it was supposed to...

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Catholics Still Want Crystal Cathedral
  • Current Events
Nov14

Catholics Still Want...

posted by Todd Rhoades

The Roman Catholic Diocese of Orange has filed a petition in bankruptcy court to block the sale of the 40-acre Crystal Cathedral campus to Chapman University, stating that the plan will not pay creditors in full and will set up the ministry for failure predicting that the cathedral, under that...

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$150,000 a month to rent the Crystal Cathedral
  • Current Events
Oct27

$150,000 a month to ...

posted by Todd Rhoades

Well… the Crystal Cathedral board has come to the realization that they will ultimately have to sell the landmark church. But to who? The CC board has picked Chapman University as their preferred buyer.  Chapman’s bid is $50 million, roughly the amount owed creditors by the CC....

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Vegas Church:  Bankruptcy
  • Current Events
Jul21

Vegas Church: Bankr...

posted by Todd Rhoades

One of Henderson’s largest churches filed for bankruptcy protection last week after deciding to stop making mortgage payments on its main campus. According to court documents, the Board of Directors at the Church at South Las Vegas determined that the donations received from church...

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Catholic Crystal Cathedral?
  • Current Events
Jul11

Catholic Crystal Cat...

posted by Todd Rhoades

The Catholic Diocese of Orange said Wednesday it is looking into the possibility of trying to acquire the Crystal Cathedral complex in southern California. The diocese said in a statement on its Web site Bishop Tod D. Brown has authorized a law firm and other lay advisers to explore whether...

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Schuller Out
  • Controversy
Jul05

Schuller Out

posted by Todd Rhoades

Wow.  News that Robert H. Schuller has been voted off the board at the Crystal Cathedral.  His wife voted for him to stay, but the rest of the board voted him off, at least as a voting member, of the CC board. According to the church:  “This will free up Dr. Schuller’s...

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Crystal Cathedral Burial Plots
  • Controversy
Jun24

Crystal Cathedral Bu...

posted by Todd Rhoades

Did you know that part of the Crystal Cathedral property in Garden Grove is actually a cemetery and mausoleum?  Yes… 1.5 acres! A little trivia for you:  Marie Callendar (yes, the frozen food and restaurant gal) is buried there.  So is Thurl Ravenscroft, the voice of Tony the...

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SOLD:  Crystal Cathedral
  • Current Events
May31

SOLD: Crystal Cathe...

posted by Todd Rhoades

At least that’s the plan.  Last week, Crystal Cathedral Ministries filed a reorganization plan to hopefully bring them out of bankruptcy. The plan includes selling all their main campus for $46 million to an apartment developer.  CC would then have the option to purchase back the...

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Crystal Cathedral CFO retires before bankruptcy…
  • Current Events
Feb11

Crystal Cathedral CF...

posted by Todd Rhoades

Crystal Cathedral’s chief financial officer, whose $132,000 tax-exempt housing allowance has been challenged in bankruptcy court, has retired. Fred Southard, who is in his 70s, has served as the Garden Grove-based megachurch’s CFO for more than 30 years. Southard said Tuesday...

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Thoughts on Crystal Cathedral entering bankruptcy
  • Current Events
Oct22

Thoughts on Crystal ...

posted by Todd Rhoades

Much has been said this past week about the Crystal Cathedral entering backruptcy.  Read what some of the press, bloggers, and twitterverse has to say about it…

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Crystal Cathedral files for bankruptcy
  • Current Events
Oct19

Crystal Cathedral fi...

posted by Todd Rhoades

According to CNN, Crystal Cathedral Ministries will enter bankruptcy as it faces lawsuit-filing creditors and a rapid decline in donations because of the recession, church officials announced Monday.  An unspecified small number of creditors have sued the church and obtained writs of...

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