The Archdiocese of New York may be going bankrupt. The shocking news stunned pastors who were summoned to a recent emergency, all-hands meeting in which they were told that, despite real estate selloffs and cost cutting, the $300 million fund to pay off past victims of sexual abuse by priests and lay personnel was still hundreds of millions of dollars short of what is needed to reach a global settlement.
That woeful underfunding comes despite the Diocese having sold off over $800 million worth of real estate over the past two years. Pastors received the devastating news on April 17 at the sprawling 40-acre St. Joseph College and Seminary in Yonkers, NY
Collectively the pastors, who head up about 200 parishes in Manhattan, the Bronx,…