In the Fall of 2019, Saint Charles Borromeo Seminary (SCBS) advisors completed an exhaustive process of due diligence reviewing a possible relocation site near Neumann University on land owned by the Sisters of Saint Francis of Philadelphia. They determined that the costs associated with developing the available land were beyond the scope of seminary resources.
At that time, the SCBS Board of Trustees authorized the seminary to identify other options. One of the options that surfaced as a result involved a potential real estate transaction with Gwynedd Mercy University (GMercyU). Recently, discussions between SCBS and GMercyU have progressed. Both parties are now reviewing a non-binding letter of intent which would allow for additional due diligence.
I wish to be abundantly clear, however, that no final decisions have been made. We are still very much in the exploratory stage of discernment regarding this possible transaction.
Most Reverend Timothy C. Senior
Saint Charles Borromeo Seminary