November 06, 2005

Cashing in on surplus property

Boston Globe

The Boston Archdiocese and individual parishes have sold more than $90 million worth of property over the past two years, and another $29 million in sales are pending. That sum does not include the $99.4 million sale of Brighton chancery and seminary property to Boston College to raise money for a settlement with victims of clergy sexual abuse. Many of the properties are being converted to housing, but some are being used by other denominations.

Posted by kshaw at November 6, 2005 04:34 PM