Crystal Cathedral Announces Plan to Emerge From Chapter 11, Renewed Focus on Missions With thanks to the generous response from its worldwide network of supporters, as well as a partnership with a real estate investment group, Crystal Cathedral Ministries has put forth a plan to emerge from Chapter 11 bankruptcy that ensures continued ministry while immediately eliminating both its mortgage entirely and the majority of its vendor debt. Any remaining vendor debt will be repaid over the next 42 months. Under this plan, the ministry of the Crystal Cathedral will continue its local worship services and community outreach programs. Crystal Cathedral’s weekly Hour of Power broadcast, now in its fifth decade of airings, will carry on uninterrupted as well as our schools. In summary, the plan includes a sale of the campus to a real estate investment group with a guaranteed 15-year leaseback, and an exclusive 4-year, fixed price buyback option on the core Church campus. Because honoring its vendor debt has been a guiding objective for the church’s leadership, the ministry has chosen this course of action over other proposals it considered since this plan repays the vendors the quickest while continuing the ministry uninterrupted. We are pleased that we are able to honor the debt that we have incurred and to honor the creditors who are due their payment. We are thankful to the vendors for their patience and we are so sorry for any pain that they have incurred. “To pay them back 100% has always been a top priority and we are grateful to God for providing the resources to be able to do just that,” says Pastor Sheila Schuller Coleman.  


The Crystal Cathedral Ministries would like to thank our church members and friends around the world who have given from their hearts to help rebuild a solid foundation from which we can continue our ministry and launch the new vision for the Crystal Cathedral Ministries. The plan also puts the Crystal Cathedral church and ministries on solid financial footing to launch forward with a bold new vision from Pastor Sheila to be a hands-on outreach of hope for both the local and global community, including feeding the hungry, clothing the homeless, providing resources for job searches, and so much more. We need to rise up and be the hands of Christ to help a hurting world one neighborhood at a time. Reaching future generations with the positive message of Jesus Christ requires an outreach of love. I’m excited about what God is doing now and will be doing in the future through the Crystal Cathedral Ministries.


In summary, the plan includes a sale of the campus to a real estate investment group with a guaranteed 15-year leaseback, and an exclusive 4-year, fixed price buyback option on the core Church campus.

Confidential Memo from Sheila Schuller Coleman to Employees leaked to this web site by out-of-state visitor to Crystal Cathedral Music Network