Tuesday, July 19, 2016

Twin Cities archdiocese sells off more property

A federal judge has granted the bankrupt Archdiocese of St. Paul and Minneapolis permission to sell two more properties.

The archdiocese will get $900,000 for the buildings at 244 and 250 Dayton Ave., near the Cathedral of St. Paul.

One lot is vacant; the other contains an office building.

The buyer is a subsidiary of The Cathedral Heritage Foundation, a nonprofit dedicated to preserving, restoring and enhancing the Cathedral of Saint Paul.

The archdiocese has now raised about $9 million by selling church real estate, including the Summit Avenue chancery that housed offices and the archbishop's residence.
continue at MinnPR

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