Interestingly, the source for this story is a CBS affiliate in Albany NY.
Our Papa is cleaning house!
The parents (including a city councillor) had tried to buy the school building at market value, but the archdiocese wouldn't sell. They plan to use it for hearings or whatever on accused priests. (Or, in Howie Carr's opinion, they expect the city councillor whose kids went there to block their request for a zoning change of use. Then they'll "have" to sell it to a condo developer.)
This has been most of local talk radio all day.
Bishop Lennon seems to be the one in charge of the process. One parent who dealt with him was, well, extremely unflattering.