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	Davenport Diocese, University Finalize Sale of Diocesan Property Georgia Bulletin August 11, 2009 http://www.georgiabulletin.org/world/2009/08/10/US-4/ DAVENPORT, Iowa (CNS) -- St. Ambrose University is the new owner of 58 acres of property that includes the Diocese of Davenport headquarters. The school's officials finalized the $3.35 million purchase of the St. Vincent property July 31, said Mike Poster, vice president of finance at the diocesan university. The new ownership comes after St. Ambrose negotiated a financial agreement with the trustee handling the U.S. Bankruptcy Court's liquidation of diocesan assets. The court received the deed for the property as part of a $37 million settlement the diocese reached last year with its creditors, most of whom are survivors of clergy sexual abuse. For the landlocked university located a few blocks from the diocesan property in Davenport, "this was an opportunity to buy 58 acres of land in one transaction and really gives us some opportunities for growth," Poster said. In an earlier statement, St. Ambrose University's president, Sister Joan Lescinski, a member of the Sisters of St. Joseph of Carondelet, said: "As we consider our future as a leading Midwestern university, I believe the St. Vincent Center property would be an important acquisition given its size and proximity to campus."
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