Archdiocese Properties near St. Paul Cathedral up for Sale

Minneapolis-St. Paul Business Journal
May 26, 2015

http://www.bizjournals.com/twincities/morning_roundup/2015/05/archdiocese-properties-near-st-paul-cathedral-up.html

The Archdiocese of St. Paul and Minneapolis has put four St. Paul properties up for sale as part of its Chapter 11 bankruptcy reorganization.

The Catholic Spirit newsletter reports on the move, which includes the archbishop’s residence and chancery offices at 226 Summit Ave., the Hayden Center at 328 W. Kellogg Blvd., and 244 Dayton Ave., where the Catholic Spirit is based. A vacant lot at 250 Dayton Ave. is also for sale.

Church officials said the cost for maintaining and improving the buildings exceeded the cost of leasing new space elsewhere, and that it wanted to raise capital.

The move had been expected; Minnesota Public Radio reported in February that the archdiocese had sought permission to sell the properties.