RELIGION
07/23/2011 02:38 pm ET | Updated Sep 22, 2011

Catholic Church Bids For Crystal Cathedral

Hoping to convert the Crystal Cathedral to Catholicism, the Diocese of Orange has offered $50 million for the bankrupt glass church.

The all-cash bid, announced Friday, tops $46-million offers by Chapman University and Greenlaw Partners, a Newport Beach investment firm.

The diocese's proposal has been presented to attorneys for Crystal Cathedral Ministries as well as to the mega-church's board of directors, diocesan spokesman Stephen Bohannon said in a press release. From there, it will go before the U.S. judge and creditors group overseeing plans to steer Crystal Cathedral out of bankruptcy.

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