TOLD YOU SO, BUT (link)

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_Drifting
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Re: TOLD YOU SO, BUT (link)

Post by _Drifting »

$1.5B City Creek Center on schedule for March 22 opening
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By Jasen Lee, Deseret News
Published: Friday, Jan. 27 2012 11:26 p.m. MST


At the end of January the DesNes reports the cost at $1.5 billion.

Plus, original projections...

BY HEATHER MAY
THE SALT LAKE TRIBUNE
PUBLISHED JUNE 3, 2005 2:45 AM
This is an archived article that was published on sltrib.com in 2005, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
The LDS Church will invest close to $1 billion when it remakes downtown Salt Lake City's two malls - which will be closed on Sundays - according to Salt Lake City Council members.
The price tag is double initial estimates. And whatever the church is doing with all that money, the preliminary design has impressed mall critic Mayor Rocky Anderson.

The mayor met with LDS Presiding Bishop H. David Burton, who is in charge of the mall makeovers, at Burton's office Thursday. And while Anderson has criticized the church for its secrecy, he refused to discuss what he learned, saying the meeting was confidential.


So...five times the original estimated cost...
Last edited by Guest on Fri Mar 02, 2012 9:15 pm, edited 1 time in total.
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_The Mighty Builder
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Re: TOLD YOU SO, BUT (link)

Post by _The Mighty Builder »

Drifting wrote:
$1.5B City Creek Center on schedule for March 22 opening
PrintFont [+] [-]11 Comments
By Jasen Lee, Deseret News
Published: Friday, Jan. 27 2012 11:26 p.m. MST


At the end of January the DesNes reports the cost at $1.5 billion.


What! the Mormon Leadership Lying, that's an outrageous thought! I've never heard of such a thing.
_The Mighty Builder
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Re: TOLD YOU SO, BUT (link)

Post by _The Mighty Builder »

Lease Rates for Class A Office and High End Retail Space goes for between $14.00 to $28.00 per square foot/year in Downtown Salt Lake City, UT.

Man them Mormons are gonna be making money hand over fist with this Project.
_The Mighty Builder
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Re: TOLD YOU SO, BUT (link)

Post by _The Mighty Builder »

City Creek Center Salt Lake City, UT should have cost AT THE MOST

$548.00 per sq. ft x 2,957,000 sq. ft. = $1,620,436.00

That is a cost overrun of 3.8 Billion dollars

So Like why the extra costs and where did the money Go? Is the leadership of the Mormon church skimming funds because they know the the coming fall and bankruptcy of the Mormon church? Hmmmm?
_The Mighty Builder
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Re: TOLD YOU SO, BUT (link)

Post by _The Mighty Builder »

Oops! Water Damage to City Creek Center

http://www.ksl.com/index.php?nid=148&si ... id=queue-2
_EAllusion
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Re: TOLD YOU SO, BUT (link)

Post by _EAllusion »

If the numbers are accurate, you could have built two burj dubai's for that cost overrun.
_Blixa
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Re: TOLD YOU SO, BUT (link)

Post by _Blixa »

Wait...Trolley Square is vibrant now? I havn't been back in a few years, but its was dying on the vine last time I was there...
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_Equality
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Re: TOLD YOU SO, BUT (link)

Post by _Equality »

Blixa wrote:Wait...Trolley Square is vibrant now? I havn't been back in a few years, but its was dying on the vine last time I was there...


Of course! Nothing screams "vibrant" like an Old Spaghetti Warehouse.
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_Tator
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Re: TOLD YOU SO, BUT (link)

Post by _Tator »

Well at least they have a sewage treatment system or SLCs freeways might look like this:

http://www.youtube.com/watch?v=ImELRjszEyg
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_Jersey Girl
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Re: TOLD YOU SO, BUT (link)

Post by _Jersey Girl »

Is this the same place?

http://www.forrent.com/apartment-community-profile/1000064462.php

If so, check out the rents. Holy cats!
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