November 18, 2005

Diocese, Stanwich seal deal

Greenwich Time

By Keach Hagey and Hoa Nguyen
Staff Writers

Published November 18 2005

The Diocese of Bridgeport sold 25 acres to Stanwich School yesterday, ending the school's more than seven-year search for a permanent home while generating money the diocese says it will use to pay off a 2003 settlement reached with victims of sexual abuse by priests.

Diocese and school officials inked the deal yesterday for the undeveloped parcel on Stanwich Road adjacent to St. Agnes Church and Greenwich Reform Synagogue, where the school now leases space. Diocese and school officials declined to disclose the sale price. When the diocese put the property up for sale last year, the asking price was $15 million.

Diocese officials said they needed to sell the land to cover the cost of a $21 million settlement reached two years ago and which has since been paid to victims of sexual abuse.

Posted by kshaw at November 18, 2005 09:10 AM