March 04, 2006

Marydale sold

The Cincinnati Post

By Luke E. Saladin
Post staff reporter

The Diocese of Covington has sold all but 40 acres of its Marydale Retreat Center for $25 million to partially fund a settlement for victims of priest sexual abuse.

Vinings Trace LLC, a subsidiary of Cincinnati-based Western & Southern Financial Group, purchased the 226 acres a week ago following six months of negotiations.

The company has not yet announced plans for the property, located off Donaldson Road near the Boone-Kenton county line.

The 40 acres retained by the Diocese includes the St. Pius X Priests' Cemetery and Catholic Center, formerly the St. Pius X Seminary building.

Posted by kshaw at March 4, 2006 07:05 AM