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.
You may be right. But Pope Benedict does want a hybrid Mass. And the Novus Ordo Seminaries are incapable of producing even semi-traditional priests. The only way of getting rid of Tradition is to do it slowly. Of course, all the SSPX seminaries would be obligated to follow suit. And I highly doubt that Bishop Fellay will be ousted. They will need him for the transition. As for the SSPX chapels and schools, they'll probably close most of them down and send us to the local indult parishes in order to better spread our priests around and with less travel.
Those are good points, especially your assessment of the N.O. seminaries. I think we have three camps in the Church right now - the liberals attached to neverending novelties, the conservative N.O.s who want a respectful liturgy and the Trads. The conservative N.O.s and the defecting Trads will be the basis for the hybrid. The remaining Trads will be left out in the cold.
To wither, but not die... as we do have the promise, that like the Phoenix rising out of the ashes, in the end, the Church will return to its former glory. Deo Gratias.