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

By
-
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

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber
  • Critical RI business news and analysis updated daily.
  • 1 year of print (26 issues).
  • Unlimited access to all subscriber only content on our website, on any device.
  • Free email alerts.
  • Annual Book of Lists Print Edition.
  • All special issues produced during subscription term.

Click Here to purchase a paywall bypass link for this article

PBN Branded Content

Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting

Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…

Learn More

RELATED ARTICLESMORE FROM AUTHOR

No posts to display