March 04, 2006

Diocese sells Marydale land

KENTUCKY
Cincinnati Enquirer

BY BRENNA R. KELLY | ENQUIRER STAFF WRITER
The Covington Diocese has sold all but 40 acres of its 266-acre Marydale campus to fund the $85 million settlement it reached with victims of sexual abuse by priests.

The diocese received $25 million from Vinings Trace LLC, a subsidiary of Western and Southern Life Insurance Co., for the 226 acres at Houston Road and Donaldson Highway in Boone County.

The remaining 40 acres includes a priests' cemetery and the former St. Pius X Seminary building that housed the diocesan headquarters until last year.

Because the Marydale Retreat Center is on the land that has been sold, the retreat program will continue in the seminary building, said diocese spokesman Tim Fitzgerald.

The diocese knew last June that it would have to sell the property, Bishop Roger Foys said in a statement.

Posted by kshaw at March 4, 2006 06:55 AM