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Vermont Diocese Battles Over School Sale | Montpelier News
The Vermont Catholic Diocese is in Chapter 11 bankruptcy and eyeing a $4.3 million private sale of Rice Memorial High School to supporters — a move meant to keep the school alive while shielding it from creditors. But over 100 clergy abuse survivors’ creditors are furious, calling the deal a “functional insider transaction” after a recent appraisal valued the property at $30 million. They demand a public auction to maximize funds for abuse victims, arguing the diocese didn’t properly solicit bids. The diocese counters that a public sale could scare away students and cost more in broker fees —…
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