City Creek cost???

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_Joseph
_Emeritus
Posts: 3517
Joined: Sun May 16, 2010 11:00 pm

City Creek cost???

Post by _Joseph »

"City Creek Center will feature an estimated 800,000 square feet of shopping and dining space when it's complete next March. A grand opening celebration for the estimated $1.5 billion mix of residential, retail and office space is set for March 22."

http://www.deseretnews.com/article/7053 ... arage.html


This figure is way lower than what many on here and elsewhere keep telling us the place actually costs.
"This is how INGORNAT these fools are!" - darricktevenson

Bow your head and mutter, what in hell am I doing here?

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_jon
_Emeritus
Posts: 1464
Joined: Thu Mar 24, 2011 9:15 am

Re: City Creek cost???

Post by _jon »

I believe this to be the net figure i.e. After everything's been sold.

The 1.5 billion is the LOSS the Church is estimating for the project.

You can argue about the numbers but Bishop Burton confirmed in a Trib article that "the net cost of the project will be close to the original budget". So no profit.
'Church pictures are not always accurate' (The Nehor May 4th 2011)

Morality is doing what is right, regardless of what you are told.
Religion is doing what you are told, regardless of what is right.
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