May 28, 2007 / 11:23 am
The Archdiocese of Boston announced May 24 that it has reached an agreement in principle with Boston College for the sale of additional property from the archdiocese's Brighton campus for $65 million. Closing on the property is expected to be completed by Aug. 1st.
In 2004, the archdiocese sold 43 acres of its Brighton campus to Boston College, which included the cardinal's residence and other buildings, for $99.4 million. As part of this agreement, the archdiocese retained an option to sell additional property on its Brighton campus to the college.
The two institutions completed a subsequent sale of the archdiocese’s Lake Street tribunal property in 2006 for $8 million.
"Proceeds from this sale will allow the Archdiocese to invest resources for the benefit of our parishes, clergy, St. John's Seminary and the many important programs that serve a large number of people," said Cardinal Sean O’Malley.