St. Joseph’s University Buying Philadelphia Cardinal’s Mansion For $10 Million

St. Joseph’s University announced Friday that it would acquire the cardinal’s residence on City Avenue from the Archdiocese of Philadelphia for $10 million.

The stone mansion, on 8.9 acres, has served as the home of the archbishops of Philadelphia since 1935, when the church bought it for Cardinal Dennis Dougherty for $115,000.

Archbishop Charles J. Chaput, who assumed leadership of the archdiocese one year ago, put the 16-room residence on the market in January. In June, he reported that the archdiocese faced a $17.5 million operating debt.

Sources said Chaput, a Franciscan Capuchin friar, was not comfortable living in a baronial-style mansion as he was preparing his flock for school and parish closings to trim the deficit.  He has also put the retired priests’ summer home in Ventnor, N.J., up for sale, with an estimated value of $6 million.

Read more: http://www.philly.com/philly/news/20120908_St__Joseph_s_buying_cardinal_s_mansion_for__10M.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s