ST. PAUL -- A federal bankruptcy judge has approved a proposed property sale and a landmark settlement agreement submitted by the Archdiocese of St. Paul and Minneapolis.
The archdiocese sought the court’s approval for the potential sale of its chancery property. A $2.75 million bid was made by United Properties Development LLC (a Pohlad family company), but the archdiocese has said it expects more bids. More bids will be accepted until March 18, and a final sale will be approved by the court March 31.
The chancery sits across the street from the Cathedral of St. Paul and houses archdiocesan offices and the archbishop’s residence.
The court was also asked to approve a settlement agreement reached last month between the archdiocese and the Ramsey County attorney’s office. The agreement, which settles a civil lawsuit filed by the county attorney’s office, will require the archdiocese to implement more child protection protocols, subject to government oversight.
The motions were approved during a court hearing Thursday.
The archdiocese filed for Chapter 11 bankruptcy last year, citing an operating deficit and pending clergy sex abuse lawsuits. Any major financial dealings or changes are subject to the approval of the bankruptcy judge.