Comment

Ann Romney: 'We've Given All You People Need to Know'

24
The Spite House7/19/2012 9:53:59 am PDT

re: #21 blueraven

The mall seems to be missing from that list.

businessweek.com

Designed by the Church’s real estate arm, City Creek Center is replete with a retractable sunroof, a man-made creek, and fountains that spew fire and water. Apart from elaborate design features, the redevelopment project—estimated by the Mormon-run Desert News to have cost roughly $1 billion—includes offices, condos, apartments, and 5,000 underground parking spots. The mixed-use project is owned and run by mall operator Taubman Centers, which has a long-term lease and revenue-sharing agreement with the LDS Church. Stores will be closed on Sundays.

This kind of project isn’t new to the Mormon Church; the institution owns many commercial enterprises, including hunting grounds, radio stations, newspapers, and insurance companies—not to mention a $1 billion, for-profit cattle-and-citrus ranch in Florida and a Polynesian Cultural Center in Hawaii. Its newest investment will sit directly across the street from the Church’s monumental Temple and Tabernacle.