MINNESOTA
Star Tribune
By Jean Hopfensperger Star Tribune APRIL 7, 2016
Bankruptcy court judge Robert Kressel approved a $3.3 million bid for the headquarters of the Archdiocese of St. Paul and Minneapolis on Thursday.
The chancery and the archbishop’s residence has been on the market since last year, when the archdiocese filed for Chapter 11 bankruptcy following a flood of child abuse claims.
The $3.3 million bid was submitted by the Minnesota firm 1777 Bunker Lake Blvd NW LLC. Donald Regan, chairman of Premier Bank is listed as the firm’s manager in state documents.
Premier Bank , which has 19 bank branches across the state, has not commented on the purchase. Court documents do not mention any specific plans for the property.
The firm was the top bidder at an auction for the property held Monday. It tops the previous high bid of $2.75 million by Minneapolis-based United Properties.
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