Megachurch Sale Held Up By Claims Of 99-Year Lease

Law360, New York (January 30, 2012, 1:43 PM EST) -- Evangelical group Crystal Cathedral Ministries and its plan agent on Friday asked a California bankruptcy judge to amend the sale order for the group's megachurch property to clarify that there are no liens against it, despite claims of a 99-year lease from an entity called The Crystal Cathedral.

CCM and its financial adviser have been unable to find evidence of any such lease agreement with The Crystal Cathedral, which shares several voting board members with CCM but is a separate entity, according to the motion....
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