{"id":1018,"date":"2012-09-08T00:53:00","date_gmt":"2012-09-08T00:53:00","guid":{"rendered":"http:\/\/www.catholicnewsagency.com\/news\/jesuit-university-to-buy-philadelphia-archbishops-residence\/"},"modified":"2012-09-08T00:53:00","modified_gmt":"2012-09-08T00:53:00","slug":"jesuit-university-to-buy-philadelphia-archbishops-residence","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/catholicnews\/2012\/09\/jesuit-university-to-buy-philadelphia-archbishops-residence\/","title":{"rendered":"Jesuit university to buy Philadelphia archbishop’s residence"},"content":{"rendered":"\n<\/head>

Philadelphia, Pa., Sep 7, 2012 \/ 06:53 pm (CNA\/EWTN News<\/a>).- St. Joseph\u2019s University has signed a letter of intent to buy the Archbishop of Philadelphia\u2019s residence from the financially troubled archdiocese at an expected cost of $10 million.<\/p>\n

\t\u201cAs we look to the future, this opens exciting possibilities for the University community, and it will further enhance our students\u2019 experience for decades to come,\u201d university president C. Kevin Gillespie, S.J. said Sept. 7.<\/p>\n

\tHe said the property acquisition is \u201can opportunity that will be integral to the university\u2019s long-term strategic planning.\u201d<\/p>\n

\tThe residence and its 8.9-acre property are adjacent to the Jesuit university\u2019s 48-acre Philadelphia campus. The property\u2019s main building is three stories tall and hosts 23,250 square feet of space. It includes a gardener\u2019s cottage and a six-car garage.<\/p>\n

\tThe university said the letter of intent is the first step in the acquisition. Both the university and the archdiocese are expected to sign a purchase agreement in the next several weeks.<\/p>\n

\tFr. Gillespie said the university has no immediate plans to develop the property. Funding for the purchase is coming from both the university\u2019s internal resources and from donors.<\/p>\n

\tCardinal Dennis Dougherty bought the residence in the 1930s for $115,000, the Philadelphia Inquirer reports. Philadelphia\u2019s archbishops have lived at the residence since 1935.<\/p>\n

\tArchbishop Charles J. Chaput of Philadelphia will live in an apartment at St. Charles Borromeo Seminary in Wynnewood, Pa. The late Cardinal Anthony Bevilacqua lived there after his retirement in 2003.<\/p>\n

\tThe Archdiocese of Philadelphia faces an operating debt of $6 million for the 2012 fiscal year and over $11 million in estimated legal costs for sex abuse cases. It is seeking to sell other properties such as a summer vacation home for retired priests, the Holy Family Center in Philadelphia, and the Mary Immaculate Center in Northampton, Pa.<\/p>\n

\n<\/a>\n<\/div>\n

<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

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