EAST AURORA, N.Y. — The Diocese of Buffalo has a $3.8 million offer to buy its former seminary in East Aurora, but it will be months before a deal is finalized, as other potential buyers will be given a chance to bid.
World Mission Society Church of God, a religious movement founded in South Korea with locations around the world, including one in Blasdell, hopes to buy the former Christ the King Seminary at 711 Knox Road.
Because the diocese is in the midst of bankruptcy proceedings, extra steps are required in any real estate transaction. Federal Bankruptcy Court Judge Carl Bucki this week approved the start of a "stalking horse" bidding process that would allow other would-be buyers to beat the existing offer.
Read more from our partners at Buffalo Business First.
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