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Creditors accuse Twin Cities archdiocese of understating value of assets

MinnPost photo by Rita Kovtun

Does the Bible have anything to say about this kind of thing? The AP reports (via the Pioneer Press): “Creditors and an attorney for victims of clergy abuse are accusing the Archdiocese of St. Paul and Minneapolis of vastly understating its assets in bankruptcy. … They say the Archdiocese of St. Paul and Minneapolis has some $1.7 billion in assets — far more than the roughly $45 million it listed in a bankruptcy filing early last year. In court papers, they accuse the archdiocese of undervaluing assets and tucking money away in corporations to shield it from creditors.”

Out-of-control controlled burn halfway under control. WCCO reports: “Crews working to extinguish the fires at Foss Lake in northern Minnesota said the fire isn’t growing. … The fire began as a controlled burn about 10 miles west of Ely but quickly expanded to 1,000 acres late last week. … On Tuesday, Rebecca Manlove with the Superior National Forest said that strong winds “tested the fireline,” but they did hold and the fire did not make any progress.”

Heavy Table’s James Norton has some well-considered thoughts on the recent spate of closings of high-end Italian restaurants in the Twin Cities, most recently, Il Foro. Among other things: “…Crudo was a bad idea. Not for everyone, everywhere, at all times. But here in Minneapolis-St. Paul, where we are drowning in sushi and not lacking for expensive restaurants, the need for another, lesser-known way to purchase small pieces of raw fish for large amounts of money never seemed self evident. The real energy in the cities at the moment seems to be a (sometimes cross-pollinating) mix of farm-to-table fare and mid-Southern food, and in as much as we need a counter to that, cosmopolitan joints like Spoon and Stable, 112 Eatery and Bachelor Farmer seem to do a fine job.”

Tommies on top. The Star Tribune’s Dennis Brackin writes: “MIAC rivals had better get used to such results. The Tommies researched a potential move to NCAA Division I a decade ago, but instead decided that fielding winning D-III athletic programs better fit their philosophy. That mind-set remains solidly in place, St. Thomas athletic director Steve Fritz said. … And the athletic advantages enjoyed by St. Thomas nearly increased even more — and could at a future date. The conference this month considered new legislation on extending eligibility for those who have earned an undergraduate degree — the current conference rule is that eligibility expires after earning an undergraduate degree.”

In other news…

Ness has his next gig: “Ness lands job at Lake Superior College” [Duluth News Tribune]

Good to know at least some locals will make money off this thing: “Revival, Ike’s, Spoon and Stable will join Andrew Zimmern with U.S. Bank Stadium concessions” [Star Tribune]

Can’t imagine why: “Prince estate claimants object to undergoing genetic testing” [MPR]

Is it a distillery boom yet? “Northeast’s Twin Spirits Distillery is ready to begin production” [City Pages]

Everyone knows it’s Wähpeton: “’Good grief!’: Highway sign spells Wahpeton incorrectly” [Inforum]

Here’s Beyoncé singing Prince’s “The Beautiful Ones.” [YouTube]

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Comments (2)

  1. Submitted by Greg Kapphahn on 05/24/2016 - 02:41 pm.

    With an Estate the Size of Prince’s

    his potential heirs surely can’t believe that,…

    “because I say so,”

    is sufficient evidence of their legal right to inherit any of that estate?

  2. Submitted by Jim Million on 05/24/2016 - 08:01 pm.

    Yup

    Wonder if I’d seem out of line standing in that line..

    And the Medical Examiner’s report hasn’t even been filed yet, right? Prince’s Probate will replace Legislature as summer diversion from national campaigns, me thinks.

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