MINNESOTA
Minnesota Public Radio
Jon Collins Nov 4, 2015
The Minnesota Historical Society has made an offer to buy the Hayden Center in St. Paul from the bankrupt Archdiocese of St. Paul and Minneapolis, according to documents filed in United States Bankruptcy Court on Wednesday.
The court documents show that the Historical Society has agreed to purchase the property at Kellogg Boulevard West for $4.5 million. An assessment of the property in the summer of 2013 by the real estate company handling the sale for the archdiocese put the property’s value at between $5 million and $7 million, according to the court filing by the attorney for the archdiocese.
“The Archdiocese believes that the sale of the Hayden Center will allow the Archdiocese to operate more efficiently by having all of its staff in one location,” according to court documents filed Wednesday. “The sale of the Hayden Center will also save the Archdiocese money in operating costs, daily maintenance and long-term maintenance.”
The sale is subject to a higher offer from another party during an auction. The archdiocese asked the court to schedule a hearing to consider final approval during the week of Jan. 4. In a statement, the archdiocese said that it expected the property closing to occur between late January and late February.
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