Is City Creek mall owned by the LDS Church?
Regarding this, how much did the LDS Church spend on City Creek?
According to Spencer P. Eccles, of the Utah Governor's Office of Economic Development, the mall cost the church an estimated $2 billion. It is one part of a $5 billion church-funded revamping of downtown, according to LDS Church-owned KSL.
- Al Rounds Studio. 10:00 AM - 9:00 PM.
- Albion. 10:00 AM - 9:00 PM.
- ALDO. 10:00 AM - 9:00 PM.
- Alex and Ani. 10:00 AM - 9:00 PM.
- Allen Edmonds. 10:00 AM - 9:00 PM.
- America First Credit Union - City Creek Branch. 9:30 AM - 5:30 PM.
- America First Innovation Center. 10:00 AM - 9:00 PM.
- American Eagle Outfitters. 10:00 AM - 9:00 PM.
Moreover, does City Creek Mall pay taxes?
In response to questions from 2News, City Creek Reserve Inc, or CCRI, revealed it's a “non-profit corporation.” As such, CCRI Spokesman Dale Bills noted the company “pays property and sales taxes.” But it appears CCRI may not pay federal income taxes. City Creek profits, go tax free, to the Prophet!
As part of the church's welfare program, the funds may be used to stock a local Bishop's Storehouse or food bank to assist in caring for those in need. An independent analysis from 2012 estimates that the Church brings in approximately $7 billion annually in tithes and other donations.