For Immediate Release: May 19, 2021
Land for sale is property of the former Holy Cross Regional Catholic School
(RICHMOND, Va.) – The Catholic Diocese of Richmond has announced the pending sale of property in Lynchburg which housed the former Holy Cross Regional School and Tabor Retreat Center on 21 acres of land. It is located at 2125 Langhorne Road.
The prospective buyer, a local developer, is expected to purchase the property for an estimated $3.5 million with nearly all of the net proceeds from the sale being used to retire the former school’s debt. Closing of the sale is anticipated for late June or early July 2021.
On November 12, 2019, the diocese announced Holy Cross would cease operating at the end of the 2019-2020 school year. For the last 17 years, Holy Cross Regional Catholic School’s enrollment declined and caused increasing financial challenges. As a result, the decision was made to close the school permanently.
After the closure of the school, the Catholic Diocese of Richmond’s Office of Catholic Schools was able to reclaim items such as teaching supplies, furniture, school equipment, computers, a shuttle bus and other effects for use by schools within the diocese.
The diocese consulted with the Real Estate Committee of the Diocesan Finance Council and other diocesan advisory bodies before the property was listed for sale.