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Looking to pay off debt, Twin Cities archdiocese could sell some of its buildings

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In the midst of both bankruptcy and a bevy of sex abuse lawsuits, the Archdiocese of St. Paul and Minneapolis will consider selling some notable properties as a way to help pay off debt.

MPR reports the archdiocese CFO said the chancery office, Ambrose Hayden Center and Dayton Building in St. Paul, and one property in Northfield could be put on the market.

According to the Star Tribune, those properties are worth about $11 million in all.

As part of the bankruptcy, the church was required to tally the value of everything it had, and the money it owed. The archdiocese listed $45 million in assets and about $16 million in debt.

The possibility of selling those properties was mentioned in a hearing the archdiocese had with a creditors committee at a U.S. courthouse in Minneapolis Monday, the Pioneer Press says.

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