Crain's New York Business, The Real Deal and Commercial Observer all report that the Archdiocese of New York is in contract to sell St. Columba church and 2 adjacent properties to Timber Equities for $48 million, purportedly for residential development.
National Catholic Reporter is looking for evidence that real estate sales are somehow related to payouts to abuse survivors. So far the dots for us to connect are forming a denser plot.
If you are a subscriber, you can read all about it:
Crain's New York Business: Chelsea church in contract to sell to luxury housing developer
The Real Deal: Archdiocese of New York finds buyer for Chelsea church site
Commercial Observer: Timber Equities Acquires Catholic Church Properties in Chelsea
Read more about St. Columba Church on Wikipedia
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