San Juan Capistrano has entered a $10 million deal to buy a 150-acre plot of land in the northwest part of the city owned by Garden Grove-based Crystal Cathedral Ministries.
The city plans to use 34 acres of the land for an assisted living and retirement home project, while acquiring the remaining 116 acres in the next few years for open space preservation, according to the Orange County Register.
Crystal Cathedral Ministries owns a 170-acre plot of land, called Rancho Capistrano, next to the San Joaquin Hills (73) Toll Road near the intersection of the San Diego (I-5) Freeway. The land was first put on the market in 2005.
Under the plan announced this week, Crystal Cathedral Ministries will keep 20 acres for its retreat center and chapel.
Crystal Cathedral Ministries, headed by TV minister Robert Schuller and home to some 10,000 members, has used sales of OC real estate it owns to meet its financial goals in the past few years.
Earlier this month, the ministry put a five-story Garden Grove office building on the campus of the iconic Crystal Cathedral up for sale, for $34 million.
