Jan. 24, 2024

The $100 Million Reason Joel Osteen Was In Tears

The $100 Million Reason Joel Osteen Was In Tears
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Charisma News

Discover the incredible journey of Lakewood Church, from a humble sports arena to an awe-inspiring haven of faith and community. Joel Osteen shares the heart-felt the challenges they faced and the unexpected blessings that helped them overcome a staggering $100 million renovation cost. This debt-free triumph is a testament to resilience, community support, and unwavering faith. Be inspired by their story and witness the power of determination and unity in achieving the impossible.

CNEWS: https://www.charismanews.com/culture/94143-joel-osteen-reveals-100-million-miracle

CMAG: https://mycharisma.com/spiritled-living/financescareer/the-100-million-dollar-reason-joel-osteen-was-in-tears-last-sunday/

Transcript
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Joel Osteen The world-renowned speaker and pastor of Lakewood Church wasn't always preaching

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in the awe-inspiring auditorium the church now calls home.

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19 years ago, the church embarked on a transformative mission to turn the compact center, a sports

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arena with a basketball pass, into a haven for thousands seeking faith and community.

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However, the journey wasn't without its challenges.

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Underneath those arena bleachers were service areas, locker rooms, and a far cry from the

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spaces needed for a thriving church community.

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Lakewood had dreams, but they needed more.

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Their dreams faced a significant roadblock when the bids came in for the renovation,

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a staggering $100 million.

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The initial $11.5 million lease for 60 years was a far cry from what was needed.

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A daunting financial reality set in.

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When Pastor Joel Osteen approached a longtime bank for support, the response was disheartening.

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Doubt loomed large with the bank expressing skepticism about Lakewood's ability to raise

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the necessary funds.

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It was a tough blow.

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I discourage it first until I let it go in one ear and out the other.

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I thought, God, our bank is not our source.

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You are our source.

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Yet in the face of adversity, Lakewood Church found an unexpected ally in Bank of America.

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With no knowledge of the church's financial situation, the bank presented a check for

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$25 million, a pivotal moment that shifted the course of Lakewood's journey.

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They've never seen our financials.

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They had a check for $25 million that they said we could borrow.

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I thought...

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We've back a lot of memories of the faithfulness of God.

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So, I saw that $25 million and I said, y'all, we'll let it borrow $25 million and you'll

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let it borrow $100 million.

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They said we'll do it.

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Bank of America loaned us $100 million.

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Armed with newfound financial support, Lakewood Church began building momentum.

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From the renovations to the expansion plans, the community rallied together, fueled by

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a shared vision and a collective belief in the power of faith.

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As we fast forward to December 31st of this last year, Lakewood Church had a monumental

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announcement to make.

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Through the faithful giving of its members, the church proudly declared the payoff of

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the $100 million loan.

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As of December 31st of last year, we have officially paid off the $100 million loan.

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A debt-free triumph that stood as a testament to resilience, community support, and unwavering

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faith.

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The isn't just Lakewood Church's story, it's a celebration of the incredible community

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that stood by its side.

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The journey from a basketball arena to a thriving church serves as an inspiration to us all.

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A reminder that challenges can be overcome with determination, unity, and a sprinkle

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of unexpected blessings.