Diocese of Orange ups offer for Crystal Cathedral: $57.5 million
The Roman Catholic Diocese of Orange again increased its offer for the bankrupt Crystal Cathedral, raising it over the weekend to $57.5 million, $2.1 million more than it had previously bid for the Garden Grove property.
Alan Martin, the attorney for the diocese, said the offer was increased a second time in recent days because of feasibility studies conducted in connection with two sale plans on the table.
One major factor is the amount of some insider claims -- which could total more than $6.5 million -- that include debts to founder Robert H. Schuller, his wife, Arvella; daughter Carol Milner and Timothy Milner, Carol's husband.
"Everything else is the same," Martin said of the diocese's offer.
Another bidder, Chapman University, increased its offer two weeks ago to $51.5 million, and that has not changed.
Attorneys spent Monday morning in bankruptcy court in Santa Ana detailing a monetary breakdown of the two proposals.
-- Nicole Santa Cruz in Santa Ana
Photo: The Crystal Cathedral in Garden Grove. Credit: Katie Falkenberg / For The Times