ORU tries to bring down their debt

Oral Roberts University is making moves to chip away at its multi-million dollar debt and former ORU president Richard Roberts is moving off-campus.

Friday, February 1st 2008, 10:15 am

By: News 9

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.