INQUIRER: “It’s not listed with a broker yet, but will be soon,” archdiocesan spokesman Kenneth Gavin said of the property at 114 S. Princeton, which stretches a full block along the Boardwalk and is assessed at $6.2 million. The retired priests who had planned a stay at Villa St. Joseph by the Sea were recently told that their reservations would be canceled as of Saturday, the end of the archdiocese’s fiscal year. Facing a $17 million operating deficit and a price tag of at least $11.6 million for its response to the 2011 Philadelphia grand jury report on clergy sex abuse, the archdiocese has been engaged in massive restructuring, cost-cutting, and selling of assets.The 21,875-square-foot villa, which last year cost the archdiocese $114,562 in property taxes, was acquired by then-Archbishop John Krol in 1963 from Hannah G. Hogan, a real estate investor and owner of a plumbing supply company. Hogan wanted the home used for elderly and ill priests in memory of her brother, the Rev. Edward Hogan.Though the property – which Hogan bought for $55,000 in 1961 – was said to have been donated to the archdiocese, its June 2, 1963, deed shows tax stamps indicating a sale price of $100,000, according to the Atlantic County Clerk’s Office. It is now one of the highest-assessed homes in Ventnor. MORE
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