Crystal Cathedral Creditors Give Blessing To 2 Upped Bids

Law360, New York (November 10, 2011, 2:26 PM EST) -- The battle for a prized, towering glass cathedral in Orange County, Calif., isn't over yet, as the bankrupt ministry's creditors on Wednesday co-endorsed competing sweetened offers from neighboring Chapman University and the local Catholic diocese.

A California bankruptcy judge will decide Monday between the Roman Catholic Bishop of Orange, which bid $55.4 million, and the university, whose $51.5 million offer is the preferred choice of the Crystal Cathedral Ministries' board and worshippers.

“We're awaiting the judge's decision with cautious optimism,” Mary Platt, a spokeswoman for Chapman,...
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