Archdiocese might sell properties to pay debts

Published 9:36 am Wednesday, February 25, 2015

ST. PAUL — The Archdiocese of St. Paul and Minneapolis plans to seek permission from a bankruptcy trustee to possibly sell properties to help pay creditors.

Chief financial officer Tom Mertens told a creditors’ committee meeting of the archdiocese’s plan Tuesday. Included are the chancery office and three other properties.

After the meeting, Mertens said the plan is to sell the four properties, assuming the offer price is adequate.

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Mertens said the archdiocese will seek permission to sell a property in Northfield and three St. Paul buildings, including the chancery. He said the archdiocese will consider leasing office space elsewhere.

The archdiocese filed for Chapter 11 reorganization in mid-January, saying it was the best way to fairly compensate victims of clergy sexual abuse while continuing the church’s