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Chapman University offers $46 million for Crystal Cathedral site

Jul 6, 2011 2:19:36 AM- latimes.com
The school, which would use portions of the property as a satellite campus, says its proposal would allow the bankrupt church to lease back its core buildings and repay debts sooner than an initial reorganization plan.

Chapman University offered Tuesday to purchase the Crystal Cathedral campus for $46 million as part of a proposal that would allow the bankrupt church to lease back its core buildings and repay debts sooner than the initial exit plan put forth two months ago.


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