A federal judge on Wednesday approved Buffalo developer Carl Paladino’s winning bid of $200,000 to buy the former Archbishop Walsh Academy buildings and campus owned by the bankrupt Catholic Diocese of Buffalo.

The Buffalo News reported that Olean 2020 LLC, a limited liability corporation owned by Paladino, outbid three other bidders at an auction Tuesday for the property.

Proceeds from the sale will likely be used toward a negotiated settlement with more than 850 child sex abuse claimants in the diocese’s Chapter 11 bankruptcy case.

The building at 208 N. 24th St. has been Walsh’s home since its construction in 1959. The school, as it was announced in 1957, was to be named after Archbishop Thomas J. Walsh, who had died five years earlier. He had deep roots in the Southern Tier after studying at nearby St. Bonaventure University.

In early January, Walsh officials had spoken with a potential buyer,…