From AM NY:
Three days after announcing it would set up a $300 million fund to pay for a settlement it’s currently negotiating with 1,300 people who accused its priests and staff of sexual assault, the Archdiocese of New York submitted paperwork to finalize the sale of one of its most significant real estate assets for $490 million, Thursday court filings show.
A spokesperson for the archdiocese told amNewYork Law that the sale of its 455 Madison Ave. property to Lotte New York Palace, its long-term tenant, would “generate funds” to compensate victims, the majority of whom filed claims in 2020 when the state’s Child Victims Act opened up a temporary window extending the statute of limitations on sexual assault. [scroll for more:]