The board of regents at Oral Roberts University will meet Monday to discuss the school's future. In the center of it all, how to get ORU out of millions of dollars in debt. Regents are ready to dig the school out of its troubles. They will meet Monday and Tuesday to discuss ways to free ORU from millions of dollars of debt.
Monday, the group will discuss a number of options for getting the school out of $52 million in debt. One is to comply with a request from Oklahoma City businessman Mart Green. He is already donated $8 million to the school, and says if the school makes necessary changes, he will donate $62 million more. The university hasn't yet decided whether to accept those conditions. Green is expected to present his proposal Monday.
The chairman says the university's former president, Richard Roberts will attend the meetings, but will not have a vote.
Meanwhile, a presidential search committee has been formed to find someone new to lead ORU.
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