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| The Cardinal's Residence |
While the adjacent St Joseph’s University has sought for decades to expand across Cardinal Avenue by acquiring the Archdiocesan' "Cardinal's Residence" parcel -- even placing a standing offer for the property in the mid-2000s -- an open bidding process is expected to be held. Despite having spent $92.5 million in 2005 to buy and adapt a 38-acre parcel across the street, the Jesuit-run school is still considered the most likely party to make the winning offer for its neighboring diocesan plot. That result would echo the most prominent house-sale by an American hierarch in recent years: Cardinal Sean O’Malley’s $172 million, three-part deal with Boston College for the famed Brighton Chancery compound, whose 65 acres served as the nerve center of the New England archdiocese for over a century.
4 comments:
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So what? Colleges and universities make large capital investments all the time.
St. Joseph's University is an independent corporation run by a board, so it is an entirely separate entity from the Jesuit order. To call this a "Jesuit purchase" is entirely inaccurate and completely uncharitable to say the least.
Fellow Anony.:The authors know this--they just love to throw stuff up to the ceiling and see if it sticks.
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