Runtu wrote:I dunno. I can't see this being a smart investment for anyone. SLC already has a premium mall in the Gateway, so the downtown mall will have to get some major anchor stores. But the problem still exists that killed the old malls: people aren't going to drive all the way into the city to go to a mall. They have malls in the suburbs, nice ones.
Then an edict needs to be issued for the faithful to shop at the Lord's Mall.
Runtu wrote:Either way, it's the church's money, and they can spend it as they like. A downtown mall strikes me as an odd choice, but then I'm a writer, not a real estate investor.
Is it the church's money, or is it Jesus's money? Or is there a difference?
Either way, would Jesus want the money spent on a mall?
"Finally, for your rather strange idea that miracles are somehow linked to the amount of gay sexual gratification that is taking place would require that primitive Christianity was launched by gay sex, would it not?"
Runtu wrote:Either way, it's the church's money, and they can spend it as they like. A downtown mall strikes me as an odd choice, but then I'm a writer, not a real estate investor.
Is it the church's money, or is it Jesus's money? Or is there a difference? Either way, would Jesus want the money spent on a mall?
Who does know, what would Jesus want about any topic?
- Whenever a poet or preacher, chief or wizard spouts gibberish, the human race spends centuries deciphering the message. - Umberto Eco - To assert that the earth revolves around the sun is as erroneous as to claim that Jesus was not born of a virgin. - Cardinal Bellarmine at the trial of Galilei
I'm not a realtor or investor, or anything but there is NO way that mall can be built for 2 billion dollars. No way.
The conference center cost over a billion dollars If I recall correctly and it was one building. The mall project is something like two city blocks. I would guess, just based on the cost of the conference center, the mall will come in over 10 billion.
It has been a while since I visited the site and I can't remember the name of I would link y'all up. :-)
~dancer~
Last edited by Bing [Bot] on Wed Jul 02, 2008 2:30 pm, edited 1 time in total.
"The search for reality is the most dangerous of all undertakings for it destroys the world in which you live." Nisargadatta Maharaj
What's interesting to me is a lot of megaprojects across the world have been put on hold do to credit crunches. I wonder what lending institution has made a few billion available to the LDS church? Of course, with its hard assets I'm sure the LDS church doesn't have a problem securing a loan. This seems a little risky to me considering the population and demographics for such a huge investment. It'll be interesting to see how it all unfolds...
antishock8 wrote:What's interesting to me is a lot of megaprojects across the world have been put on hold do to credit crunches. I wonder what lending institution has made a few billion available to the LDS church? Of course, with its hard assets I'm sure the LDS church doesn't have a problem securing a loan. This seems a little risky to me considering the population and demographics for such a huge investment. It'll be interesting to see how it all unfolds...
I was under the impression that they weren't borrowing any money for the project, that it was a cash transaction.
I think the most important question that needs to be answered in this thread is how exactly did the church amass these funds. This matter and other issues of transparency are likely to come up.
Church Finances—Commercial Businesses
The Church holds business interests that are primarily an outgrowth of enterprises which were begun when the Church was isolated in the West. The commercial businesses owned by the Church help serve the needs of the Church in accomplishing its mission. The money made from these commercial enterprises is relatively small; the majority of financial resources in the Church comes from the tithes and offerings of Church members.