MINNESOTA
Star Tribune
UCC Plan 8-22-16
UCC Plan Disclosure Statement 8-22-16
By Jean Hopfensperger Star Tribune AUGUST 23, 2016
The committee representing clergy abuse victims in bankruptcy court has proposed its own financial reorganization plan for the Twin Cities Archdiocese, including provisions to mortgage the St. Paul Cathedral and to halt support payments to abusive priests and give the money to abuse victims instead.
The plan, filed in U.S. Bankruptcy Court Monday, requires the archdiocese to contribute $80 million to abuse victims in its financial reorganization instead of the $13 million proposed by the archdiocese.
“This is a plan that would fairly compensate the more than 400 survivors who have ben so egregiously harmed,” victims’ attorney Jeff Anderson saidat a news conference Tuesday.
Anderson said the archdiocese has the ability to contribute far more to abuse victims than it proposed in its financial reorganization plan filed in May. That plan calls for the creation of a $65 million trust fund for victims, which could increase if further insurance settlements are reached.
The St. Paul and Minneapolis Archdiocese would contribute about $13 million to that fund, with insurers picking up most of the rest.
Of the $80 million in archdiocese contributions proposed by the victims’ committee, $38 million would come from loans leveraged from archdiocese assets such as the cathedral and property leased to several high schools, said Anderson.
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