PHILADELPHIA (PA)
WPVI
[with video]
Vernon Odom
Action News
PHILADELPHIA – July 24, 2013 (WPVI) — The financially crippled Archdiocese of Philadelphia continues to look for sources of revenue, and it found one Wednesday. It’s called the auction block.
For developers, the old St. Michael Business School building on North 2nd Street in Kensington is a piece of property with great potential.
It sits just a few blocks from the red-hot, ever-redeveloping Northern Liberties neighborhood. And this is a church structure extremely well-built.
“Obviously it’s dated, a little tired. But the other nice part is it has a great yard,” said developer John Ciliberto.
The St. Michael building is one of multiple school buildings, convents and parcels of land sold off Wednesday by the Philadelphia Archdiocese.
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