New York archdiocese announces $300 million settlement for victims of clergy abuse

The archdiocese has made “a series of very difficult financial decisions” to help fund the settlement, Cardinal Dolan said in the Dec. 8 statement, including staff layoffs and a 10% reduction in the archdiocese’s operating budget.

“We are also working to finalize the sale of significant real estate assets,” the prelate said. He pointed to the recent sale of the former archdiocesan headquarters in Manhattan, which was bought by a development group for about $100 million.

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https://catholictimescolumbus.org/us-world/new-york-archdiocese-announces-300-million-settlement-for-victims-of-clergy-abuse/