Cornerstone World Outreach to file Chapter 11 - KTIV News 4 Sioux City IA: News, Weather and Sports

Cornerstone World Outreach to file Chapter 11

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SIOUX CITY, Iowa (KTIV)-- Its been nearly three years since the Cornerstone World Outreach Center finished its $8 million church on East Gordon Drive.

But after losing a legal battle with its contractor, Cincinnati United Contractors (CUC), the church has said it will now seek the protections offered by Chapter 11 reorganization.

In January, a judge ruled in favor of CUC, awarding them $3.6 million for monies not paid following the churches completion.

To pay for the ruling, the churches assets were set to be auctioned off at a Sheriff's sale Tuesday morning. However with the recent filing, officials with the Sheriff's Department say the sale has been canceled.

 

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