Minnesota archdiocese has bankruptcy court's OK for sale of chancery building

January 29, 2016

The Archdiocese of St. Paul-Minneapolis has received clearance from a federal bankruptcy-court judge to sell its chancery building.

Proceeds from the sale of the chancery building, and other properties owned by the archdiocese, would be used to help satisfy obligations owed to creditors, led by sex-abuse victims. Because the archdiocese is in bankruptcy, any sale must be approved by the court.

United Properties, a Minnesota corporation, has made a $2.75 million bid for the property, but the archdiocese expects other offers.

 

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Further information:

• Bankruptcy judge OKs plan to sell Twin Cities archdiocese chancery (MPR)
• Bidders in line for Minnesota archdiocesan buildings (CWN, 1/5)