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Diocese auctions Pilgrim Hot Springs
Posted: Sunday, March 07, 2010
FAIRBANKS - A consortium of Alaska Native and nonprofit groups from the Bering Strait region is the successful bidder for Pilgrim Hot Springs.
The 320-acre property was auctioned Friday in U.S. Bankruptcy Court in Anchorage.
The sale was one of the Fairbanks Catholic Diocese's final requirements to fulfill its court-approved Chapter 11 reorganization plan.
The auction is part of a reorganization plan in response to a settlement of lawsuits in sexual abuse cases. The plan calls for the diocese to provide $9.8 million to claimants.
The hot springs sold for $1.9 million and all but $50,000 will pay for the remaining legal and administrative fees owed by the diocese. The remaining money will be added to the victims settlement fund.