ORU's operating budget for 2007-08 was over $82 million. On January 14, 2008, ORU's board of regents voted unanimously to accept an additional $62 million from the Mart Green family, the owners of Oklahoma City-based Hobby Lobby, Mardel educational, and various Christian supply stores. In October of that year, an ORU spokesman said the university was still $52.5 million in debt. The school accepted an unconditional $8 million from the Greens in November. Of the $82 million given to Oral Roberts University, approximately half went toward eliminating its debt. The remaining half was allocated to "campus renovations, technology upgrades, academic enhancement, financial aid for new and returning students, marketing and operations", according to the university website. In February 2008, the Renewing the Vision campaign was initiated in an effort to erase this debt. To free the university from its burgeoning debt, the board of trustees announced plans for a $25 million matching campaign, in which the board agreed to match dollar-for-dollar all donations. In addition to eliminating debt, funds from the Renewing the Vision campaign contributed to the 2008 summer campus renovations, as well as scholarships provided by the university. During the summer of 2008, $10 million went to campus upgrades and deferred maintenance. Many dormitories were extensively renovated and most other buildings received restoration and upgrades. In January 2009, the university's presidential search committee recommended Mark Rutland, President of Southeastern University of the Assemblies of God in Florida, to succeed Richard Roberts, which the trustees approved. On January 14, Rutland confirmed that he had been offered the position and intended to accept it. The university began to implement the employment reduction plans, laying off 53 employees and cutting about 40 unfilled positions. On January 29, 2009, the Green family committed $10.4 million to additional campus renovations and upgrades to take place during summer 2009. Following Mart Green's contribution, the university's debt was reduced to $25 million.