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  Cash-Strapped Boston Archdiocese Sells Headquarters

Reuters
May 24, 2007

http://www.reuters.com/article/domesticNews/idUSN2440309620070524

Boston - The Roman Catholic Archdiocese of Boston will sell its 90-year-old headquarters for $65 million to free up money after paying millions of dollars in settlements linked to a 2002 scandal over pedophile priests.

Boston College will buy 18 acres of land and buildings from the nation's fourth-largest archdiocese, whose administrative center will move from Boston's Brighton district, on the western edge of the city, to suburban Braintree, the archdiocese said on Thursday.

The Boston Archdiocese, faced with a $93 million bill to settle cases involving about 1,000 sex-abuse victims, has shut more than 60 churches in Massachusetts to raise money since the scandal erupted in Boston in 2002 and spread nationwide.

Its spiritual headquarters will remain the Cathedral of the Holy Cross in Boston's South End, and it will not sell its 13.5-acre (5.4-hectare) St. John's Seminary. The sale of its headquarters is scheduled to close on August 1.

In 2004, the archdiocese sold 43 acres of its Brighton headquarters to Boston College for $99 million and last year sold another 3 acres for $8 million to the Jesuit-run university to raise cash for settlements.

The abuse scandal prompted a decline in donations at churches across the United States.

 
 

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