New York archdiocese plans to mortgage prime Manhattan property to pay sex-abuse costs
March 06, 2017
The Archdiocese of New York plans to mortgage a valuable Manhattan property in order to pay sex-abuse victims.
The archdiocese has filed for permission to mortgage land on Madison Avenue, between 50th and 51st Streets. The mortage could raise $100 million. The archdiocese currently owns the land, which is the site of a hotel and several luxury homes.
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Posted by: dfp3234574 -
Mar. 07, 2017 11:05 AM ET USA
And the fleecing of the flock by Church-suing contingency lawyers continues.
Posted by: unum -
Mar. 07, 2017 8:47 AM ET USA
New Yorker is just another diocese where the Faithful can expect a fund drive to pay off the mortgage. The focus on management and banking leaves the people of Christ with no real shepherds to guide them.