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Declaring "A Year of Favor From The Lord", Favalora presided over a fourteen-month celebration marking the twenty-fifth anniversary of the establishment of the Diocese of St. Petersburg. Bishop Favalora closed the Jubilee Year with a solemn Pontifical Liturgy at the Cathedral of St. Jude the Apostle on April 17, 1994. In November, Favalora was named the Third Archbishop of Miami and was installed on December 20.