I’m surprised they had the money to buy it with all the sex abuse settlements the church has been paying out lately...
For example, a $100 million judgment was just issued last week.
Fla. jury awards $100M against Roman Catholic priest in sex abuse case
http://www.washingtonpost.com/national/on-faith/fla-jury-awards-100m-against-roman-catholic-priest-in-sex-abuse-case/2011/11/10/gIQA64YW9M_story.html
They don’t. They are borrowing the money, at least some of it.
And that's in Florida, anyhow, but I guess you just couldn't resist coming on a thread about a cathedral in California just to deposit something in the punchbowl.