In reading this I was instantly reminded of the San Diego Diocese, our neighbor to the South. They, as you know filed for bankruptcy.
Los Angeles, May 16, 2007 / 08:52 am (CNA).- Cardinal Roger Mahony of Los Angeles announced yesterday that the archdiocese will have to sell its headquarters so that it can meet its financial obligations to “the alleged victims of clergy sexual abuse.”
The sale will include other “non-essential real estate properties” such as those previously purchased for establishing “new parishes, schools, various charitable institutions, convents, etc.” or are being “held for future parishes, future schools, and similar ministry purposes."
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