Survivors group urges S.F. Archdiocese to sell off real estate to pay abuse victims
According to SNAP’s calculations, the archdiocese possesses at least $5.9 billion in real estate properties from the Peninsula to Marin County. The group called the number a conservative estimate, given that it doesn’t include any income from undisclosed leases or parking fees.
A representative for the archdiocese did not respond to a request for comment on the group’s valuation.
SNAP claimed the archdiocese could sell the vacant land on just two of its properties — St. Vincent’s School for Boys in San Rafael and St. Patrick’s Seminary in Menlo Park — to generate $500 million-$1 billion for victims’ compensation.
Alternatively, the group proposed selling the archdiocese’s eight unstaffed parishes valued in total at more than $200 million.
“That you instead opted for bankruptcy is disheartening, particularly since this legal maneuver will prevent people who are not yet ready to come forward from receiving restitution in the future, including children,” several SNAP leaders wrote.