If what was published a couple of weeks ago is true, the project will never get off the ground. The purchase was made less than three years ago, correct? It will be sold and the money given to the Novus Ordo.
Theoretically they could build the seminary to turn new seminarians modernist, but they will have the existing Society seminaries so I don't see the need to spend the money.
I could be wrong but I think they'd rather have the money. The Third Way can still be accomplished via existing means.
The project has already begun. I just posted images of the flyer I received last week. The footings are being laid as we speak. According to projections, it will take about 7 months just to excavate and lay the footings before the walls can be erected.
3 months ago, we were asked to pray for this new seminary and, if possible, send in donations.
Last month, we received word that, thanks to a generous benefactor, the construction could begin.
That was printed in another flyer, which I don't have.
Please see thread on the seminary for pictures....