Archdiocese selling properties to raise needed cash

The five properties have a combined assessed value of $10.6 million, though they have not been listed with specific selling prices. The archdiocese “would like to get the highest price available” and is asking interested buyers to make reasonable offers, according to Tom Mertens, the archdiocese’s chief financial officer.

“We certainly know that there’s a need for cash, whether that be monies to be placed in a fund for victims or used in operations as we move through the (bankruptcy) process here,” Mertens said.

The church is selling its properties voluntarily and not under court order, Mertens said.

The properties, listed for sale more than a month ago, are the only ones being considered for sale at this time, Mertens said.

They include:

  • The chancery and archbishop’s residence, 226 and 230 Summit Avenue. Though there are two addresses, the property consists of one structure that houses administrative offices and the archbishop’s residence. “Built in 1963 by Minneapolis-based Cerny Associates, the chancery is modern in design, a stark stylistic contrast to the Beaux Arts Cathedral of St. Paul across the street,” according to a story about the for-sale properties May 21 in the Catholic Spirit, the archdiocese’s official newspaper. The first to inhabit the new building, which succeeded a handful of other archbishop residences, was Archbishop Leo Binz.

Assessed value: $6.3 million

  • The Hayden Center, 328 W. Kellogg Blvd. The building, constructed in 1918 and named after Msgr. Ambrose Hayden, housed the parish school for the Cathedral of St. Paul until 1979, the Catholic Spirit reported. It now houses most of the archdiocese’s administrative operations and staff.

Assessed value: $2.4 million

  • The Dayton Building and nearby vacant lot, 244 and 250 Dayton Ave. The Dayton Avenue building now houses the Catholic Spirit but was built in 1922 to house the chancery. The building is on the National Register of Historic Places.

Assessed value: $1.4 million for the building, $113,000 for the lot

  • l The Hazelwood property, 10310 295th St. W., Northfield, Minn. This 10-acre property has one home on it and was donated to the archdiocese by a family many years ago. No one lives there permanently, but it’s used occasionally on weekends as a “getaway” for the archbishop or bishop, according to Mertens.

Assessed value: $385,700

If and when the properties are sold, the archdiocese will look for a new location for the offices.

“We’ve had some preliminary looks at properties within a 10-mile radius of our current location,” Mertens said. “It’s too early to determine where we would go. … Our preference would be to have our entire staff under one roof and in one location.”

Mertens said the archdiocese is leaning more toward leasing a space than buying.

There is no strict deadline to sell the properties, though it would be helpful to have them sold by Nov. 30, the deadline set by the federal bankruptcy judge for the archdiocese to submit its reorganization plan, Mertens said.

So far, there have been no offers on the properties, but “we’ve had probably a dozen showings,” Mertens said.

The archdiocese filed for Chapter 11 bankruptcy protection in January, a move church officials said was the best option to address all claims of sexual abuse at once “fairly and with finality.”

The bankruptcy came on the heels of news of a $9.1 million operating deficit for fiscal year 2014 and amid expectations of more lawsuits over alleged clergy sexual abuse. At the time of the bankruptcy filing, more than two-dozen suits had been filed and the church had received notice of at least 100 more claims.

Bankruptcy protection puts current lawsuits against the archdiocese on hold and allows additional victims to file claims while the bankruptcy case is active. Victims wishing to file claims with the court have until Aug. 3.

The Pioneer Press is a media partner with Forum News Service

Article source:

Posted in Properties a News |

More county properties to end up in flood plain map

The red area of the federal floodplain map for Augusta County shows properties that will be added to the county’s floodplain zone overlay. County engineer Doug Wolfe presented the maps at Wednesday night’s Augusta County Board of Supervisors meeting.(Photo: Federal … Continue reading

Posted in Properties a News |

All properties in Nassau County set to be reassessed for property taxes on … – WABC

If you own a home in Nassau County on Long Island, hang on to your wallets. For the first time in four years, every piece of property will be reassessed. Property values have soared in the tri-state since 2011. On … Continue reading

Posted in Properties a News |

City to lease surplus properties

The city will soon have two surplus properties available to lease after Monday night’s City Council meeting. “Short-term tenants will provide revenue to the city that would otherwise require city resources,” Public Information Manager Doug Rainer told The Log. Up … Continue reading

Posted in Properties a News |

Two Main St. properties on Flemington agenda tonight

FLEMINGTON — A discussion of two borough-owned properties on Main Street is on the agenda for the 7 p.m. work session of the Borough Council, when it meets tonight. The properties are at 90-100 Main, which currently is the home … Continue reading

Posted in Properties a News |

Zombie Properties: A plague on the suburbs. Will proposed law help? – WKBW

HAMBURG, N.Y. (WKBW) – The number of vacant and abandoned properties in the suburbs continues to be a problem for local municipalities. Often referred to as “Zombie Property,” the homes are usually part of an extended foreclosure proceeding where the … Continue reading

Posted in Properties a News |

Several Archdiocese of St. Paul and Minneapolis Properties Up for Sale

Updated: 05/27/2015 7:53 AM Created: 05/26/2015 7:51 PM By: Beth McDonough “For sale” signs have gone up in front of several properties owned by the Archdiocese of St. Paul and Minneapolis. The properties include the 244 Dayton Avenue location, … Continue reading

Posted in Properties a News |

Regression Analysis: Thousands of Detroit Properties "Revert" Back to …

As of today, May 26, thousands of Detroit properties will slip soundlessly from private to government ownership through a little-known aspect of the tax foreclosure process known as “reversion.” It’s all part of the new normal for post-bankruptcy Detroit where … Continue reading

Posted in Properties a News |

Fitch Affirms Swire Properties at ‘A'; Outlook Stable

(The following statement was released by the rating agency) HONG KONG, May 27 (Fitch) Fitch Ratings has affirmed Hong Kong-based Swire Properties Limited’s (Swire Properties) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with Stable Outlook. Fitch has also affirmed … Continue reading

Posted in Properties a News |

Baptists offering training for proper cleanup and mold removal of flooded …

The Baptist General Convention of Oklahoma’s Disaster Relief Office is offering special training Wednesday through Friday, May 27- May 29 in several locations across the state “to teach Oklahomans who have had homes or businesses flooded how to care for … Continue reading

Posted in Properties a News |