The fourth goal was to have the insurance companies assume financial responsibility for their part of the settlement, and the fifth goal was to resolve all of the cases.
While the $8.25 million is less than what the archdiocese might have had to pay had the cases gone to trial, it represents a significant commitment by the archdiocese, which has paid $11 million over the last 10 years in compensation to victims of clergy sexual abuse.
Part of the archdiocese's settlement will come from the sale of the Archbishop Cousins Center. That building, opened as De Sales Preparatory Seminary in 1963, was built for $8 million. Depending upon the money the sale of that facility generates, the remainder of the settlement will be fulfilled by selling investments.
According to Jerry Topczewski, the archbishop’s chief of staff, that matter will be studied by Wayne Schneider, archdiocesan treasurer and chief financial officer, and the archdiocesan finance council.
The archbishop spoke of "sacrifices in operations and ministries," but added, "I would be reluctant to see any cuts in services or apostolates. The cuts might come in the means we have to deliver those services, like buildings and property."
Subscribe to
Posts [Atom]