BOSTON (AP) — The Archdiocese of Boston is expected to make more than $90 million through the sale of church property as part of a plan to deal with financial struggles blamed in part on the clergy sex abuse crisis, according to a published report.
Most of the revenue comes from the liquidation of churches that have been merged or closed under Archbishop Sean O'Malley reconfiguration plan.
Those proceeds, outlined in The Boston Sunday Globe, are on top of the $99 million sale of the cardinal's residence and surrounding property in Boston's Brighton neighborhood last year.
The Globe review found that since August 2003, the archdiocese had received more than $32 million in sales of property from 15 parishes closed last year. Eight other purchase and sale agreements worth $29 million are pending, according to Terrence Donilon, a spokesman for the archdiocese.