Oral Roberts University is starting to chip away at its $50 million debt.
The university's new board held its first meeting on Thursday.
Oral Roberts University is chipping 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 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 says 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 says former ORU President Richard Roberts will be moving out of university-owned housing and off campus.
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