Guam Catholic church ‘non-essential assets ‘on the block’ to pay multi-million potential sex abuse s
Over many years, the Diocese of Agana has accumulated a huge portfolio of various real estate assets, but until quite recently, the diocese had little idea of what it actually owned.
With an eye to what has occurred in the U.S. mainland where other church entities have faced and settled similar cases and ongoing settlement negotiations for the Guam cases, Diocesan finance officials have been attempting to come up with a thorough picture of church holdings and have released a partial list of properties considered non-essential to church operations. These properties then could be liquidated to pay settlement costs.
“The former Accion Hotel, the [Redemptoris Mater Seminary] in Yona is one, the Chancery complex is number two. They’re on the block. In other words, they are available for whatever is necessary to do for the settlement process that is going on now,” said Diocesan Finance Committee President Richard Untalan.