
What does FARMS need with real estate?
A rather scintillating tidbit was passed along to me the other day by an "informant." I found it interesting because it raises questions about just what, exactly, FARMS was up to back in the 1980s and 1990s. In a somewhat recent post, Tom noted that Bill Hamblin complained at one point about how the Church wanted to "seize" land near BYU that FARMS owned. There are at least a couple of things worth noting about Hamblin's complaint:
(1) It sounds like "ark-steadying," and like he was criticizing the Brethren for daring to assert their suzerainty.
(2) Why--as Dean Robbers asks in his sig--did FARMS own real estate in the first place?
And it turns out that it was not just one piece of land--it was actually *several.* You can check out the details here. What was going on, exactly? You may recall that, prior to FARMS getting absorbed into BYU, they had begun a massive fundraising campaign that was meant to culminate in them constructing a *Ziggurat*--modeled on the pyramids of "Zarahemla"/ancient MesoAmerica. In a thread I wrote many years ago, I speculated that this level of fundraising probably caught the attention of the accountants at the COB, but at that time, I had been unaware of FARMS rather extensive real estate holdings.
I can't help but wonder: was this a case of rapid and out-of-control expansion by Welch and the Mopologists that led to the Church intervening and stepping in and claiming their fundraising and real estate for "the good of the Church"? Were the Mopologists merely aping the Church itself and getting in on the real estate investment game? It certainly raises a number of interesting questions.
I'm curious to see if others can offer any insight into the issue.