What you guys don't know is that this new mall is convertible within 48 hours into a Super Temple complex.
You think it's just a mall . . . |
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<sufficient period of silence> Pres Hinckley: I'm pretty sure that was an "OK". Let's do it. |
I avoid going to downtown SLC pretty much all the time, except for a Jazz game here and there. I don't care what happens.
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My initial reaction was, why wouldn't the church use that money for humanitarian means, or to build temples, or to help the poor receive education, etc?
But... they already do those things, and in a very large way. For example the church was the largest private donor to Hurricane Katrina aid. Obviously they (we?) have the assets for this without dipping into other budgets, so let the locals eat sushi. Sounds reasonable to me because they want to own the area surrounding Temple Square, but at the same time they still want it to be used. If they put in a five-story Beehive Clothing, who would go there? And if they put in low-income housing or the LDS Business College kids, they would just trash the place. |
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Truth is, the Church's perceived spectacular success investing is part of the LDS lore. The books are closed. If it was such a spectacular deal why didn't anybody else want to do it? |
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If the Church can't afford it who can? They have a big fat income stream coming in. |
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Of course, if downtown SLC became a ghost town, folks would complain that the LDS Church didn't do enough to bail it out. |
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