The Roman Catholic Diocese of Orange has upped its bid for the bankrupt Crystal Cathedral to $55.4 million, pitting it against Chapman University to be the ultimate buyer of the church, founded by Robert H. Schuller.
Chapman University has offered $51.5 million for the campus, and weeks ago was picked by the church's board of directors as the preferred buyer of the property.
But on Wednesday, Marc Winthrop, the Crystal Cathedral's bankruptcy attorney, said during a court hearing in Santa Ana that although the board prefers the Chapman bid, either is "acceptable."
"It makes it harder for the court because now I have to decide," Judge Robert Kwan said during the hearing.
No comments:
Post a Comment