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HomeMy WebLinkAbout2016 04-07 Archdiocese’s Chancery To Be Sold To Premier Banks Founder WCCO4/8/2016 Archdiocese's Chancery To Be Sold To Premier Banks Founder « WCCO I CBS Minnesota Archdiocese's Chancery To Be Sold To Premier Banks Founder April 7, 2016 8:34 PM Filed Under: Aur 111 diiouse 1' St III' u.aulll Aind Il llliiininealpolliiis dIi t I'S) f ST. PAUL, Minn. (AP) — A bankruptcy judge has approved the sale of the chancery of the Archdiocese of St. Paul and Minneapolis to a Minnesota .II .;,;;;;;;,..p ..114';,e.Ir for nearly $3.3 million. Attorney Katie Nath says the buyer is Donald Regan, chairman and founder of Maplewood -based PremierIl;,;;iill°,;;;;,, Iz. She says he was "more sad and sentimental than smart when it comes to this investment." She says he was fearful that someone less friendly to the archdiocese would acquire the site, so he bought it. He has no immediate plans for it. The archdiocese retains use of the property until Nov. 30, and he'll explore his options in the meantime. The sale of the chancery brings total property sales in the IIpII°p,,�IIII;; ocase to more than $8 million, which will go to abuse victims and other creditors. (© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.) http://m i nnesota.cbsl ocal.com/2016/04/07/banker-to-buy-chancery/ 1 /1