HolyCoast: For Sale: One Big Glass Church With Prayer Tower
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Thursday, May 26, 2011

For Sale: One Big Glass Church With Prayer Tower

One owner, didn't use it as well as they should have:
Crystal Cathedral Ministries will sell its gleaming glass sanctuary and tower that have been an Orange County landmark for decades as a way to emerge from bankruptcy, pay its creditors and erase its $36 million mortgage, officials said Thursday.

The church plans to sell the campus to a real estate investment group with a guaranteed 15-year-leaseback and an exclusive four-year, fixed purchase buyback option on the core church campus, which includes the iconic glass sanctuary and Tower of Hope, according to a news release posted on the church's web site.

Marc Winthrop, the attorney representing the cathedral in bankruptcy court, said the plan will ensure that the church can continue its ministry and other programs unhindered.
You just know some Muslim group has got their eye on that tower.

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