Philly Archdiocese Auction Raises $995K

Thursday, Jul 25, 2013  |  Updated 7:34 AM EDT
View Comments (
)
|
Email
|
Print
Philly Archdiocese Auction Raises $995K

NBC10.com

advertisement

The Archdiocese of Philadelphia has auctioned off some of its properties and raised $995,000.

Wednesday's auction was part of a strategy to stop running deficits in day-to-day operations and fill some of its financial holes. Before the auction started, officials say the archdiocese itself reached a deal on 48 acres of land in Plumstead, Bucks County, for $850,000.

At auction, the former St. Michael Business School in the city's Old Kensington section went for $330,000 and may be turned into condos. The former Our Lady of Hope Convent sold for $118,000. The former St. Bartholomew Convent went for $220,000.

The archdiocese sold a one-acre lot in Montgomery County, but rejected a $295,000 bid on a 29-acre lot in Harleysville, because it did not approach the appraised value of $625,000.

Also on NBC10.com:


 

 


Get the latest from NBC10 Philadelphia anytime: Android/iPhone/iPad Apps | SMS Alerts | Twitter | Facebook | Google+ | Instagram | RSS

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
FlyeredUp: Win 2 Tickets to Flyers Playoff Game
Win two tickets to the first 2014... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out