ROCKFORD — The Faith Center, which launched a $7.5 million expansion on South Main Street to great fanfare in 2007 only to see it derailed in the banking meltdown of the Great Recession, filed for Chapter 11 bankruptcy protection in January.
The church owes $5.3 million to Sjostrom & Sons in Rockford for the 82,000-square-foot sanctuary shell that was designed to hold 2,000 people. Faith Center also owes $4.17 million to Evangelical Christian Credit Union of California.
Don Lyon, the senior pastor, read a statement to the church’s congregation before filing Jan. 20. About 1,000 people attend the nondenominational church each Sunday.
Read the rest of the article at Rockford Register Star
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