Sold: Philadelphia sells cardinal’s residence

From the Associated Press: 

The Archdiocese of Philadelphia is selling a property known as the cardinal’s residence to an adjacent Roman Catholic university for $10 million.

Saint Joseph’s University announced Friday that it has signed a letter of intent to acquire the nearly 9-acre estate. The purchase will close in a few weeks.

The property includes a massive three-story main building and two other structures. The university did not specify long-term plans for the land.

The residence is one of several properties being sold by the archdiocese to close a budget deficit. Next week, officials will auction a beachfront villa in New Jersey previously used as a vacation home for priests.

The cardinal will reportedly move to the seminary.

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