The financial cost
Latest coverage
April 30
Archdiocese sets $10.5m goal
April 29
Insurer files countersuit
April 21
BC buys diocese headquarters
Sale leaves neighbors wary
Deal was a match for both
School expands its footprint
April 3
Archdiocese cites $14m loss
February 24
Proceeds to benefit diocese
January 13, 2004
O'Malley seeks closing advice
January 10, 2004
Letter: Accept pain of closings
January 4, 2004
Dot parish struggles to survive
December 17
O'Malley plans aggressive cuts
December 14
BC's chance to relieve squeeze
December 10
Parishes closure candidates
December 9
Diocese to mortgage seminary
December 7
Property piques BC's interest
December 6
BC board backs land deal
December 5
BC eyes archdiocese land
Neighbors watch property sale
Earlier stories
Globe archives
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By the end of 2002, the Archdiocese of Boston faced some 500 claims by alleged victims of clergy abuse. Experts estimated civil lawsuits could cost the church more than $100 million. The church has already paid out about $40 million to victims, including a $10 million settlement struck with 86 victims of former priest John Geoghan.
The sizable settlements, combined with steeply declining donations , have left the archdiocese teetering on the brink of financial collapse , with officials acknowledging the church is now borrowing to meet its day-to-day operating costs . In December, the church's finance council authorized Cardinal Law to seek Chapter 11 bankruptcy protection if necessary.
In an effort to control costs, the archdiocese has slashed social service programs , mortgaged its Brighton headquarters , and is planning to sell some of its extensive real estate holdings .
See the story list to the left for the latest coverage of the scandal's financial cost.
TV news trucks outside the archdiocesan headquarters in Brighton in April. The church has mortgaged the property. (Globe Staff Photo / George Rizer)
Bishop Richard Lennon has identified church real estate that will be sold off. (Globe Staff Photo / David L. Ryan)