By Lynne Adkins

HILLTOWN TOWNSHIP, Pa. (CBS) – The Archdiocese of Philadelphia will not be building a new Lansdale Catholic Regional High School.

READ MORE: Tough Question: Do You Prefer To Sleep In Or Wake Up Early And Make Breakfast?

Plans to build a new school on 68 acres of land in Hilltown Township, Bucks County have been scrapped because of the financial problems plaguing the Archdiocese of Philadelphia. Spokeswoman Donna Farrell says the current Lansdale Catholic High school will remain open.

READ MORE: Bucks County Couple Taking Part In Coast-To-Coast Bike Ride In Effort To Raise Money For Cancer Research

“Over the years they’ve made extensive improvements to the school,” Farrell said. “There’s a new resource center for iPads, iPhone and netbook use. They’ve refurbished the floor and the bleachers in the gym and upgraded the lights in the auditorium.”

MORE NEWS: Police: Man Killed, 5 Others Injured In Drive-By Shooting In Philadelphia’s Logan-Ogontz Neighborhood

She adds, the property where the new school was to be built at the intersection of Limekiln Pike and Rickert Road will be sold.