WCBJ
WESTCHESTER COUNTY
BUSINESS JOURNAL
YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com
November 5, 2012 | VOL. 48, No. 45
Religious order shedding trophy properties
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Downed live wires and flooding whipped up by winds of up to 100 miles per hour off Long Island Sound and the Hudson River reportedly left more than 800 roads closed across the county at the start of the recovery. Westchester residents bore the brunt of property damage in the storm as uprooted trees crashed onto houses and parked cars and gusting winds ripped away roof shingles and house siding. Business districts that historically have sustained the most severe and costly flood damage in
inancially overextended and looking to shed substantial debt, a conservative Roman Catholic religious order that once had ambitious plans in Westchester County is selling its two properties on about 365 acres that could be returned to the tax rolls with a change of ownership. The Legionaries of Christ, a 71-year-old congregation founded in Mexico and numbering about 800 priests worldwide, will vacate its headquarters at the Thornwood Conference Center in the town of Mount Pleasant once a buyer for the approximately 265-acre property off Columbus Avenue is found, said Legionaries director of operations Oscar Marroquin. The former IBM property at 582-590 Columbus Ave. went on the market in late October. In the town of New Castle, the priestly order, shaken in recent years by revelations of its late founder’s history of sexual abuse of boys and fathering of children, has a purchase agreement with a potential residential developer for its nearly 100-acre property at 773 Armonk Road. The religious nonprofit, incorporated as Legion of Christ Inc., in 1994 paid $3.13 million to acquire the Route 128 property outside Mount Kisco from the Holy Spirit Association for the Unification of World Christianity, commonly known as the Unification Church of the late Sun Myung Moon. The red brick mansion on the secluded estate was built for the celebrated songwriter and theatrical producer Billy Rose. Though the Legionaries originally envisioned the former showman’s mansion as a seminary training men for the priesthood, the rezoning proposal was opposed by neighboring residents, Marroquin said. The property, operating as Our Lady of Mount Kisco Retreat Center,
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Westchester expects disaster aid in storm’s wake BY JOHN GOLDEN and SAM BARRON jgolden@westfairinc.com, sbarron@westfairinc.com
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usinesses across Westchester County are tolling the physical damage and financial costs of office and store closings, lost work hours and darkened trading floors in the wake of Tropical Storm Sandy. The storm left more than 202,000 businesses and homes in the county without power, according to Con Edison, and reportedly downed more than 3,000 electrical wires here.
BY JOHN GOLDEN jgolden@westfairinc.com
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