MINNESOTA
Minnesota Public Radio
Martin Moylan Aug 23, 2016
The committee representing sex abuse victims and other creditors in the bankruptcy of the Archdiocese of St. Paul and Minneapolis is proposing the church raise more money for victims by mortgaging the Cathedral of St. Paul and land leased to three Catholic high schools.
That move is part of an archdiocese reorganization plan filed by the committee late Monday. It says the archdiocese has far more resources to compensate abuse victims than the church has reported.
The church plan filed in May called for the archdiocese to provide about $13 million out of its own pocket. That was part of a $65 million proposed reorganization plan that included contributions from insurers, parishes, schools and other Catholic organizations.
But the creditors’ committee insists the archdiocese can come up with $80 million, with additional contributions coming from insurers and other parties that could raise the total available to creditors above $100 million.
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