Boston College Purchases Properties From Archdiocese of Boston
When the Catholic Archdiocese of Boston became embroiled in their clergy sex scandal, the restitution payments to their victims stressed the treasury of the church. Now as a way to raise money to pay the families of the victims the Diocese has sold off their former headquarters buildings and land for nearly 400 million dollars.
The sale of properties are occurring across the country by the Catholic Church as they make restitution to families who were devastated after clergy were caught molesting their children. The only good that will come of it is that Boston College will get a great property to help educate children in the future.
For nearly six years, Boston-area Catholics have asked what good, if any, could come of the devastating clergy sexual abuse crisis that began there. Today, Boston College announced its $400 million answer.
That’s how much the school intends to spend to develop 65 acres and 14 buildings acquired in deals with a cash-strapped and scandal-weary Archdiocese of Boston. The archdiocese got $172 million from the sale, more than enough cash to finance its $84 million settlement with abuse victims; the college got a key parcel for advancing a $1.6 billion, 10-year strategic plan to be announced Wednesday. via USATODAY.com.
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Comment by Atlanta New Homes on 6 December 2007:
Greetings from Boston College Graduate, class of 1998.
Go Eagles!