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Norwich Diocese Announces Sale of Property to Mohegan Tribe as Part of Bankruptcy Settlement

Submitted by jhartgen@abi.org on

As part of its bankruptcy proceedings, the Diocese of Norwich (Conn.) has sold 113.19 acres of property to the Mohegan Tribe, the Norwich Bulletin reported. The property includes the St. Bernard School and was approved by Judge James J. Tancredi of the U.S. Bankruptcy Court in Hartford. In addition to the $6,550,000 sale price, the bid terms include an initial 20-year lease of the property to St. Bernard School, which under the terms of the bid will remain open. The Court granted a waiver of the 14-day stay period under U.S. Bankruptcy Rules and the sale closed on June 21 following entry of the Sale Order.