Crystal Cathedral Up for Sale to End Debt Woes

May. 27 2011
By Alison Matheson
Christian Post Correspondent

The Crystal Cathedral is being put on the market as the church seeks a way out of its crippling debt.

The Orange County church is hoping the sale of its imposing glass building will generate enough revenue to save it from Chapter 11 bankruptcy and make good with some 550 creditors.

It has been looking for an exit strategy from its financial woes ever since filing for Chapter 11 bankruptcy protection last October.

The reorganization plan includes the sale of the 40-acre campus to a real estate group with a guaranteed option of leasing it back for 15 years. the rest image by Dave Reichert