Ministry Today – Serving and empowering church leaders

Lakewood to Buy Arena

Lakewood Church is poised to buy the former Compaq Center, which it has been leasing from the city of Houston, for $7.5 million. The city is hoping to close a lingering budget shortfall with the real estate deal, and the church is looking to hold on to a property it has invested nearly $80 million into renovating.

Lakewood, the largest church in the country, has been leasing the arena since 2001, when it signed a 30-year lease under the name of Joel Osteen, its pastor. Since then, the church has turned the former home of the Houston Rockets into a full blown sanctuary, including laying down a concrete floor where the basketball court once was and installing a state-of-the-art stage and multimedia setup.

Donald Iloff, spokesman for Lakewood, said the church wanted to “be its own landlord.” [chron.com, 3/22/10]

Leaders are readers! Subscribe now and get 3 magazines for the price of 1. Get Ministry Today, Charisma and SpiritLed Woman all for $24. YES - I'm a leader!

Ministry Today Subscription Special - Subscribe to Ministry Today magazine today and get 12 issues (2 full years) plus Amplified Leadership, a free leadership book for only $24.

Your Turn

Comment Guidelines
  • Explorers require significant input.

    How to Receive Clarity When Torn Between Choices

    Decision making is risky without guidance from the Holy Spirit.

  • Lyndon Johnson

    63-Year-Old Law Still 'Threatens' Churches, Pastors

    Read why this law is so dangerous to the kingdom culture.

  • A new path is opening now.

    Prophecy: The Lord Is Opening Doors for Kingdom-Minded Businesses

    Find out how to activate this prophetic word of increase in your company.

  • Do you have the proper training to be a soldier in God's army?

    The Training You Need as a Soldier in God's Army

    We are in already in a war. Let us enter the fight as fully trained soldiers with the full armor ...

  • Start a Wildfire of Spiritual Growth in Your Church

    Start a Wildfire of Spiritual Growth in Your Church

    Watch how God can take one spark and turn it into a wildfire that impacts your ministry, your community and even future generations.

  • Local congregations are called to become Christ-like in their methodology, mission and essence.

    10 Traits of the Jesus-Driven Church

    If we attempt to walk in these, we will leave a powerful imprint on the world around us.

  • Greeter ministry

    5 Common Greeter Mistakes to Correct in the New Year

    Like those involved in any other ministry, greeters can get in a rut.

  • Saddleback Church

    One Clear-Cut Sign Your Church Is Mature and Healthy

    A church's health is measured by its obedience to this important mandate, not by its seating ...

  • Evangelist John Burton

    What My Third Church Plant Might Look Like

    Here are some things Evangelist John Burton might change if he decided to start another church.

Use Desktop Layout
Ministry Today Magazine — Serving and empowering church leaders
button
button