After four months of hosting tours, soliciting proposals and fending off controversy, the billionaire owners of a picturesque campus in western Massachusetts have announced two finalists in the competition to receive the property free of charge, reports RNS.

The Green family, which owns Hobby Lobby, will give a 217-acre Massachusetts campus founded by D.L. Moody either to the Southern Baptist Convention's North American Mission Board or the Grand Canyon University Foundation of Phoenix. The campus was first intended to become the home of much-discussed C.S. Lewis College, but organizers failed to raise enough money to make the dream a reality.

Grand Canyon University, the first American college to ever switch from nonprofit to for-profit status, has made headlines for a remarkably successful IPO, as well as releasing tenured teachers and settling a whistleblower suit with the Department of Education.

CT has reported how other Christian colleges have sought new strategies to survive financial pressures amid a bleak economy.