Televangelist Ernest Angley’s Cathedral Buffet and related WBNX (Channel 55) property in Cuyahoga Falls isn’t going up for auction Friday.

Angley’s Winston Broadcasting Network and Grace Cathedral Inc. reached a partial settlement with Beck Energy Corp. over a $3.6 million loan default lawsuit filed in 2017. The settlement was filed Thursday morning in Summit County Court of Common Pleas.

Beck Energy, which won its lawsuit against Angley’s organization, says in the short document that it asks that the Summit County sheriff’s sale scheduled for 10 a.m. Friday “be withdrawn at this time.”

The one-page court document provides little detail, saying in part “Plaintiff and Defendants, Winston Broadcasting Network, Inc., Grace Cathedral, Inc., and Ronald Midcap, have reached a partial settlement agreement, and Plaintiff therefore wishes not to execute on its judgment at this time.

"Therefore, Plaintiff respectfully requests that the sheriff’s sale scheduled for June 7, 2019 and the provisional second sale scheduled for June 21, 2019 be withdrawn at this time.”

The Summit County sheriff's website for sheriff's sales says the auction has been canceled.

The property at 2690 State Road holds the shuttered Cathedral Buffet restaurant and studios for WBNX. The nearly 6 acres is appraised at $4.33 million. The opening bid was to be two-thirds of the appraised figure, or $2.89 million.

The site was put up for auction after Angley’s Winston Broadcasting Network Inc. defaulted on a $3.6 million loan to oil-lease company Beck Energy Corp.

Beck Energy, based in Ravenna, has a well on the Grace Cathedral site.

The property is next to Ernest Angley Ministries and Grace Cathedral Inc. at State Road and Portage Trail.

Beck Energy sued Winston Broadcasting in 2017 in Summit County Common Pleas Court, saying the broadcasting company defaulted on a $3.6 million loan Beck Energy made to Winston Broadcasting in 2013. The court last year agreed the property could be foreclosed upon.

Cathedral Buffet closed in 2017 after a U.S. District Court ruling said the restaurant needed to pay $388,000 in back wages and damages to more than 200 congregation members who had worked at the restaurant.

Angley won an appeal, but the Cathedral Buffet has not reopened.

 

Jim Mackinnon covers business. He can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com. Follow him @JimMackinnonABJ on Twitter or www.facebook.com/JimMackinnonABJ