Catholic dioceses are contracting, creating unique opportunities for the right buyers

DECLINING ATTENDANCE: Monsignor Raymond Bastia, vicar of finance for the Diocese of Providence, said scandals involving priests who have been convicted of molestation have been a contributing factor to declining attendance at parishes, but other factors, such as a shortage of parish priests and a shift in American culture away from organized religions, also weigh heavily in the situation the Catholic Church is facing. / PBN PHOTO/MICHAEL SALERNO
DECLINING ATTENDANCE: Monsignor Raymond Bastia, vicar of finance for the Diocese of Providence, said scandals involving priests who have been convicted of molestation have been a contributing factor to declining attendance at parishes, but other factors, such as a shortage of parish priests and a shift in American culture away from organized religions, also weigh heavily in the situation the Catholic Church is facing. / PBN PHOTO/MICHAEL SALERNO
Our Lady of Mt. Carmel Church, in the Federal Hill neighborhood of Providence, was the boyhood church of Monsignor Raymond Bastia, now the vicar for finance for the Diocese of Providence. Mt. Carmel closed in 2015, merging with another parish in Federal Hill, and is in the process of being sold for redevelopment. The transaction…
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