Two days ago, for reasons known only to themselves (at least for now), a newly enlarged board of directors for the bankrupt Crystal Cathedral pulled the church's campus off the for-sale block. Yesterday, the same board proclaimed that they were not going to sell for any price but instead would rely on donations to pay creditors. That's at least $50 million, folks. Not likely, to say the least.
The creditors' committee is moving ahead with its plan of reorganization that I'm confident will involve a sale. The insolvent Crystal Cathedral belongs to its creditors, not its congregation, not its board, and certainly not the Robert Schuller family. Its current leadership should take St. Paul's admonition to owe no one anything other than the debt of love (Romans 13:8) to heart.
The creditors' committee is moving ahead with its plan of reorganization that I'm confident will involve a sale. The insolvent Crystal Cathedral belongs to its creditors, not its congregation, not its board, and certainly not the Robert Schuller family. Its current leadership should take St. Paul's admonition to owe no one anything other than the debt of love (Romans 13:8) to heart.
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