March 05, 2005

Where will the money come from?

Contra Costa Times

Church insurance companies most likely will bear the burden of paying potential settlements and verdicts facing the Oakland Diocese. But the diocese will shoulder some of the cost.

Mark Wiesner said it's too early to say how the diocese will pay its portion of damages or whether that will entail selling church assets.

"We don't really know the numbers yet," Wiesner said.

Plans for building an estimated $131 million cathedral in Oakland probably won't be affected because the mostly lay-driven effort relies on private donations, said Lee Nordlund, spokesman for the Cathedral of Christ the Light Project.

Posted by kshaw at March 5, 2005 08:54 AM