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Guest
That’s just insane and horrendous. There’s ZERO justification for a diocese going into debt of that amount. NONE.Good points.
I remember the Bernadin closings well. There was a sentiment floating around after that that one should consider registration with Holy Name Cathedral as that one was the only parish that was guaranteed not to close.
That said, the last time I checked, the Archdiocese was $115 million in debt, much of it being borrowed from the city of Chicago itself. (The St. Sabina project is a separate issue.) And the city has deep financial problems of its own. Things certainly aren’t looking up for the archdiocese.