This has been public information for more than a month:
City Creek Center in Salt Lake City Under Scrutiny by The Feds In An IRS Tax Fraud Filing Case
An investigation in The Washington Post
Mormon Church has misled members on $100 billion tax-exempt investment fund, whistleblower alleges
Mormon Church has misled members on $100 billion tax-exempt investment fund, whistleblower alleges
"A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post. "
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"The confidential document, received by the IRS on Nov. 21, accuses church leaders of misleading members — and possibly breaching federal tax rules — by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses..."
The complaint provides a window into the closely held finances of one of the nation’s most visible religious organizations, based in Salt Lake City.
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The complaint provides a window into the closely held finances of one of the nation’s most visible religious organizations, based in Salt Lake City.
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It details a church fortune far exceeding past estimates and encompassing stocks, bonds and cash.
Based on internal accounting documents from February 2018, the complaint estimates the portfolio has grown in value from $12 billion in 1997, when Ensign was formed, to about $100 billion today
Based on internal accounting documents from February 2018, the complaint estimates the portfolio has grown in value from $12 billion in 1997, when Ensign was formed, to about $100 billion today
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RELATED CONTENT ON THIS BLOG:
From 30 September 2018
From 30 September 2018
We are so blessed!
Just another one of those 'Revelations', published today by East Valley Tribune staff writer Jim Walsh who's getting ahead of his stories published by The Times Media Group for local consumption, framing them with a battle between "historic preservation can't beat progress" and "revitalizing" downtown Mesa.
Now he's revealing Phase 2 in the Mesa LDS Temple-area, where for-profit investment affiliates own more than 70 properties - they essentially "own the neighborhood" so we won't see any neighbors objecting. . .
Just another one of those 'Revelations', published today by East Valley Tribune staff writer Jim Walsh who's getting ahead of his stories published by The Times Media Group for local consumption, framing them with a battle between "historic preservation can't beat progress" and "revitalizing" downtown Mesa.
Now he's revealing Phase 2 in the Mesa LDS Temple-area, where for-profit investment affiliates own more than 70 properties - they essentially "own the neighborhood" so we won't see any neighbors objecting. . .
Blogger Note1: Writer Jim Walsh provides no links to the statement by CCRI Spokesman Dale Bills that he uses in the reporting and he doesn't name the CCRI 'affiliates' who own the land increasing the original Phase 1 of 4.6 acres to the 8.2 acres in Phase 2.
Blogger Note 2: Scroll down below in related content to see the sources of the announcements and revelations about earlier plans - Question: Is this really what Mesa needs?
Blogger Note 2: Scroll down below in related content to see the sources of the announcements and revelations about earlier plans - Question: Is this really what Mesa needs?
TIME FOR A REACTION?
Or cross your fingers behind your back and hope no one notices?
Blogger Note: It's very clear from statements made by Matt Baldwin, real estate development director for City Creek Reserve (CCRI)), an investment affiliate of the Church.
We’ve been planning this project for years, . .We’ve talked with city and county government leaders, city planning staff and other local developers
Or cross your fingers behind your back and hope no one notices?
Blogger Note: It's very clear from statements made by Matt Baldwin, real estate development director for City Creek Reserve (CCRI)), an investment affiliate of the Church.
We’ve been planning this project for years, . .We’ve talked with city and county government leaders, city planning staff and other local developers
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INSERT
"The Revelation". . . and the next act
"Posterity Fulfils The Promise To Lock-Down Another Corner of The Kingdom"
What's Next?
A Disruption in that Vision Thing . . .
The for-profit arm of the of the Mormon Church has not disclosed any financial details, terms or deals, but it looks like they can break-ground on this faster than other unsolicited developer proposals that want to take-over downtown.
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More than 5 years ago, this LAND DEAL was one of the largest in Mesa's history. We didn't know more about it then.
"According to Natalie Lewis, assistant to city manager Chris Brady, and also lead negotiator on the deal, Mesa purchased the land in 1985 for more than $29 million for its water rights to create a water farm. Eventually, the city found more cost-effective means to provide the city water. OH REALLY? DID THEY?
The city expected it would take 20 years or more to sell the land. But two years ago, PLH approached the city with interest in purchasing the land in phases over five years.
INSERT
"The Revelation". . . and the next act
"Posterity Fulfils The Promise To Lock-Down Another Corner of The Kingdom"
What's Next?
A Disruption in that Vision Thing . . .
The for-profit arm of the of the Mormon Church has not disclosed any financial details, terms or deals, but it looks like they can break-ground on this faster than other unsolicited developer proposals that want to take-over downtown.
Who's the head of Public Affairs for the Mesa Mormon LDS Temple??
- Roc Arnett.
All kinds of characters walking across the stage here - some familiar and some new:
< Here's the leadership of a group called The East Valley Partnership (missing Roc Arnett)
On the left is former Mesa City Manager Mike Hutchinson who's got a new job.
In the center is Denny Barney, incoming president replacing Roc Arnett on the East Valley Partnership who's on the Board of Supervisors of Maricopa County and a major principal in Arcus Private Capital Solutions
On the right John Lewis outgoing EVP president, former mayor Gilbert who resigned to go on a LDS mission to Cambodia.
< Here's the leadership of a group called The East Valley Partnership (missing Roc Arnett)
On the left is former Mesa City Manager Mike Hutchinson who's got a new job.
In the center is Denny Barney, incoming president replacing Roc Arnett on the East Valley Partnership who's on the Board of Supervisors of Maricopa County and a major principal in Arcus Private Capital Solutions
On the right John Lewis outgoing EVP president, former mayor Gilbert who resigned to go on a LDS mission to Cambodia.
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20 May 2019
Selling-Off Water Rights To Pay-Off Major League Debt
Mesa Seals $135 Million Land Deal
Read more ....this is where you find it > Click or Tap Here
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The Saints Have A Plan:
THIS IS WHAT THAT $135M LAND DEAL - OR LAND SWINDLE OR STEAL?? - FOR THEIR VISION ON THE 11,447 ACRES THAT WERE ONCE THE MESA WATER FARM ...Nice buy: $135M 11,400+ ACRES
Watch where this story goes and note that the buyer in 2012, a company in Scottsdale, is now called Saints Holdings Company. They agreed to buy the land in three 5-year phases.
Let's do some numbers first: a recent city auction for 132 acres, without water rights, went for $21.1M (that's $5M above the appraised price) . . .or $159,848 per acre.
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THIS IS WHAT THAT $135M LAND DEAL - OR LAND SWINDLE OR STEAL?? - FOR THEIR VISION ON THE 11,447 ACRES THAT WERE ONCE THE MESA WATER FARM ...Nice buy: $135M 11,400+ ACRES
Watch where this story goes and note that the buyer in 2012, a company in Scottsdale, is now called Saints Holdings Company. They agreed to buy the land in three 5-year phases.
Let's do some numbers first: a recent city auction for 132 acres, without water rights, went for $21.1M (that's $5M above the appraised price) . . .or $159,848 per acre.
The city expected it would take 20 years or more to sell the land. But two years ago, PLH approached the city with interest in purchasing the land in phases over five years.
