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.
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