C
chicago
Guest
What’s the value of closing your minor seminary to move the administrative big wigs and bean counters into an old glorious building… 18 mil! (Not to mention the millions which remained of the Quigley endowment.) How much of the money from this sale of the old chancery office building (155 E. Superior) will vocational development in the Archdiocese receive? How much is being wasted on the interior wrecking of an historic building and national treasure? What waste!
And what a bargain Children’s Memorial is getting on a 99 year lease of prime property. (Roughly $182,000/year… not bad at all for rights on that “squatter’s” land.) One wonders what of the transfers’ economic proceeds will benefit the children of this Archdiocese or even be left for the children of our childrens’ age and their children over this coming century.
And what a bargain Children’s Memorial is getting on a 99 year lease of prime property. (Roughly $182,000/year… not bad at all for rights on that “squatter’s” land.) One wonders what of the transfers’ economic proceeds will benefit the children of this Archdiocese or even be left for the children of our childrens’ age and their children over this coming century.
Children’s Hospital buys more land in Streeterville
5/21/2008 10:48:00 PM
By Chicago Tribune -Bruce Japsen
Preparing for growth beyond its proposed new hospital in Chicago’s Streeterville neighborhood, Children’s Memorial Hospital said it paid $18 million Tuesday for a 99-year lease on a building from the Archdiocese of Chicago at 155 E. Superior St.
The six-story building is less than one block from the future site of the Ann & Robert H. Lurie Children’s Hospital of Chicago. That facility, which is scheduled open in 2012 and cost $1 billion, will replace Children’s Memorial’s Lincon Park hospital.
catholiccitizens.org/press/contentview.asp?c=46488Specifics of the deal were not disclosed but Children’s Memorial said the $18 million is a “prepayment of a substantial portion of the rent for the term of the lease,” said Children’s Memorial spokeswoman Julie Pesch.