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Title: Crystal Cathedral files for bankruptcy amid mounting debts
Source:
latimesblogs.latimes.com
URL Source: http://latimesblogs.latimes.com/lan ... uptcy-amid-mounting-debts.html
Published: Oct 18, 2010
Author: Shelby Grad
Post Date: 2010-10-18 18:19:17 by Ferret Mike
Keywords: None
Views: 3740
Comments: 5
Faced with mounting debts and decreasing donations, the Crystal Cathedral announced today it was filing for bankruptcy protection. The move came as the Garden Grove church was struggling to pay its bills. “Budgets could not be cut fast enough to keep up with the unprecedented rapid decline in revenue due to the recession,” Senior Pastor Sheila Schuller Coleman said in a statement released by the church. The church plans a press conference at 3 p.m., according to church spokesman John Charles. The famed mega-church has suffered from financial troubles in the last year. In January, the Crystal Cathedral announced it was laying off 50 workers and selling surplus property because of a precipitous drop in contributions. The 7,000-member church also has canceled its "Glory of Easter" pageant, a popular reenactment of the life and death of Jesus Christ, which sold tens of thousands of tickets each year. The church, founded by the Rev. Robert H. Schuller more than 50 years ago, lost members in the wake of a family feud after he retired. His son, the Rev. Robert A. Schuller, succeeded his father, but stepped down in 2008 after disagreements. His sister, is now the church's leader. As of January, officials said church's revenue sank 27% from roughly $30 million in 2008 to $22 million in 2009. [Updated at 2 p.m.: In her statement, Sheila Schuller Coleman said services and programs at the church will continue, including various ministries and the "Hour of Power" television program. "Challenging situations are nothing new to our 55-year Ministry," Coleman said in the statement. "Many people said we’d fail when we started our church in a drive-in theater. But look how successful that was! Many said we'd fail in 1970 when we made the commitment to televise our first worship service in Los Angeles and then New York … but look how far we've come! In 1977, countless persons predicted that our plans to build a 2,800-seat all-glass church in earthquake-prone Southern California would never get off the ground, but we have made history. We've always believed in a big God … a God Who is greater than any problem or challenge we could ever face." She said the bankruptcy declaration "is just one more chapter in the book that He is continuing to write -- and we know that God's plans are good -- we have no doubt His chapter will be good!"] --Shelby Grad
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#1. To: Ferret Mike (#0)
Any one ever find Jesus' cathedral? Meet outside and give the building funds to the poor. Every Church's first "mission" is a building. There's a new one in downtown LA that is several blocks in length. Cost was 250 million dollars! Cathedral of Our Lady of the Angels sits on 5.5 acres!
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Meet outside and give the building funds to the poor. Every Church's first "mission" is a building. Who are you WS, the church police?
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
The head carney died,and his offspring just can't sell the snake juice like he could. Didn't the same thing happen to his empire when Anal Roberts died?
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
There's a new one in downtown LA that is several blocks in length. Cost was 250 million dollars! Cathedral of Our Lady of the Angels sits on 5.5 acres! And don't ANYBODY dare to show up and any of them and say they need to eat and have a place to stay and want to stay THERE. What will happen is they will be more than happy to help you fill out your welfare and food stamp forms,and tell you which bus to catch to go there to hand them in. And they will bill the feral government for the time they spent helping you fill out the forms. The only ones I know of that will feed you and not force you to pray to their idol are the Hare Krishna's. The will feed you the same rabbit food they eat and give you a place to stay for one night without even making you listen to their chants.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
Yes indeed, well put.
Crystal Cathedra
Liberals:
-Pro nuclear proliferation.
-Support fundamentalist religion that execute gays.
-Have no issues with inmate abuse.
-In discussions to release J.Pollard.
#2. To: WhiteSands (#1)
ny one ever find Jesus' cathedral?
#3. To: Ferret Mike (#0)
#4. To: WhiteSands (#1)
Every Church's first "mission" is a building.
#5. To: sneakypete (#3)
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