New center caps off financial turnaround for ORU

By: From Wire Reports
By: From Wire Reports

TULSA, Okla. (AP) - Oral Roberts University is dedicating a $12 million student and alumni center, and school leaders say it represents a major turnaround at the Tulsa evangelical university.

Leaders opened the Armand Hammer Alumni-Student Center on Friday - marking the first major construction project in more than 30 years on campus.

The 28,000-square-foot center was built debt-free.

Only a few years ago, the school was tens of million dollars in debt, then-president Richard Roberts resigned amid a financial scandal and the 1960s-era campus looked worse for wear.

But thanks to billionaire Oklahoma City businessman Mart Green - heir to the Hobby Lobby craft supply store fortune - the school paid off $55 million in debt and made $40 million in renovations.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 189406431 - http://kxii.com/a?a=189406431