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Bankrupt Diocese Selling Assets, Closing Schools


Bankrupt Diocese Selling Assets, Closing Schools
April 12, 2021
The Diocese of Rockville Centre (DRVC) has sold its Pastoral Center for $5.2 million, which will be used to pay creditors. It also announced three more schools would not reopen after this school year, in addition to seven grammar schools that have closed in the past year because of declining enrollments.
The sale of the Pastoral Center has been approved by the Bankruptcy Court. The Diocese and the Official Committee of Unsecured Creditors have agreed that all proceeds from the sale will be used exclusively to compensate creditors.
Synergy Holding Partners LLC acquired the five-story office building at the corner of North Park Avenue and Sunrise Highway and the adjacent 58-space parking lot in Rockville Centre, N.Y. As part of the agreement, the diocese will continue to occupy the building until Aug. 31, 2021, while it completes its transition to new facilities. A location for a new headquarters has not ....

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Long Island diocese sells headquarters amid bankruptcy


Long Island diocese sells headquarters amid bankruptcy
March 27, 2021 GMT
ROCKVILLE CENTRE, N.Y. (AP) The Roman Catholic Diocese of Rockville Centre has sold its headquarters for $5.2 million money church officials say will be used to pay creditors.
Newsday reports the diocese became the largest in the country last year to declare bankruptcy amid more than 200 lawsuits it faced under New York State’s Child Victims Act.
The law opened a so-called lookback window since extended until August that allows childhoods victims of sexual abuse to file civil claims beyond statute of limitations restrictions.
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The diocese, home to 1.4 million Catholics in the Long Island region, sold the five-story pastoral center and an adjacent parking lot to Synergy Holding Partners LLC. ....

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