November 13, 2013

When Churches Go Bankrupt

Ken Walker, Christianity Today

Less than 30 minutes from Disney World, Celebration of Praise Church of God has 1,200 members and a 47-acre campus. The Clermont, Florida, church boasts an Olympic-size swimming pool, a spa, a gym, and the county's largest auditorium. It also has a $7 million "balloon" payment due on its mortgage. All the church lacks is the funds to pay it.

It looks like Celebration's story will have a happy ending of sorts—it's currently selling its property to the city for $6.3 million, and will be able to rent the property for Sunday and Wednesday meetings.

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TAGGED: Bankruptcy, Churches, Foreclosure


November 13, 2013
Speak Up, Father!
Stephen Webb, On the Square
Catholic churches are hard on the hard of hearing. Part of the problem is architectural. Catholic churches are built for the eye, not the ear. Interior spaciousness is meant to elevate your vision, just as the priest elevates... more ››