ORU tries to bring down their debt - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

ORU tries to bring down their debt

Posted: Updated:

NewsOn6.com

Oral Roberts University is attempting to chip away at its $50 million debt. 

On Thursday, the new 19-member ORU Board of Trustees voted to spend $7.5 million to pay down some of its debt immediately.  They also passed new bylaws and set goals for the future.  All trustees were present, except for university founder Oral Roberts.  But, Mart Green said the founder is behind the new board.

"We had an incredible dinner last night with the faculty. These are people who have worked 30, 40 years here. Oral Roberts had a video that he just challenged the staff to take it to the next level. He's excited about the changes and the staff needed to hear that," said ORU Trustee Chairman Mart Green.

Mart Green also said former ORU President Richard Roberts will be moving out of university-owned housing and off campus.

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.