Sunday, October 2, 2011

Legionaries of Christ's New Castle property for sale after failed efforts for seminary, women's center

The Legionaries of Christ, the conservative Catholic order, has put their 97-acre parcel located at 773 Armonk Road, in the Town of New Castle, Westchester County on the market. After years of back and forth with the town over building a seminary or a women's center on its Armonk Road property, the Legion says it is selling the property for economic reasons according to Legion spokesperson Jim Fair.

The Legion of Christ, Incorporated (“LCNY”), a not-for-profit corporation, is soliciting offers from developers. LCNY intends to enter into either a contract of sale or a long-term lease agreement with a designated developer for the  property. 

According to the property web-site, the best financial offer, for either a sale or long-term lease, shall be based on the highest present value of payments to LCNY. It is LCNY’s intent to sell the property to the highest bidder. Consideration will also be given to the highest up-front payments.