Oral Roberts University (ORU) has sold its former presidential estate for $1.55 million.
The nine-acre property was the home of former ORU President Richard Roberts until he resigned in 2007 amid allegations of financial impropriety.
Roberts and his wife, Lindsay, were accused of using university funds to remodel the estate, which has six houses on the premises, 11 times in 14 years. The couple has denied any wrongdoing.
The property has been vacant since the Roberts’ departure.
Current ORU President Mark Rutland, who marked his first year as president Thursday, said the sale is “yet another milestone in the new ORU.”
“I am excited about the future of the university and believe the best is yet to come,” Rutland said.
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