NO FINANCIAL DETAILS WERE EVER DISCLOSED TO THE PUBLIC
"One of the grand fundamentals of Mormonism is to receive the truth, let it come from where it may"
- Joseph Smith, History of The Church, 5:499
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Monday, March 10, 2014
"When I was a little kid, sometimes instead of a lesson for Family Night Evening, we would play board games. One of my favorite games was Monopoly. It is a game where the players move around the gameboard buying properties, developing their properties by building housing and then collecting rent from their opponents.
For the LDS market, I had an idea for a new variation of the game. I would call it Mormonolopy. . .
For the LDS market, I had an idea for a new variation of the game. I would call it Mormonolopy. . .
It is not unusual for the Church to buy land. It normally does so through its primary corporate entity, the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints. news article
In a recent fireside at our stake, a Church employee spoke and shared with us that the Church builds more square footage in United States than Walmart. I don't know what the Church's exact square footage is, but as of January 31, 2014, Walmart has built almost 1 billion square feet. ( 723,385,669 square feet to be exact) stats
A few years ago, "The Mormon Church has purchased a major chunk of undeveloped property in overbuilt Maricopa from two major home builders.
While a developing land to subdivide into home lots is one thing, when I learned that the Church has land with plans to develop an entire new city, I was really surprised . . ."
A few other purchase of the Church within the past 10 years:
International Corporate Park in Orlando bought by LDS Church's Surburban Land Reserve.http://www.bizjournals.com/orlando/stories/2007/08/27/daily52.html
- Suburban Land Reserve announced late Friday that it has bought the International Corporate Park in east Orange County for an undisclosed price. Scott Dean, a vice president with the Utah-based firm, says work with Orange County and the Orlando-Orange County Expressway Authority will begin immediately to complete the development and construction of the Innovation Way interchange at the 528 Beachline.
LDS church transfers Northwest Quadrant to Kennecotthttp://www.sltrib.com/sltrib/politics/52567975-90/kennecott-development-church-lake.html.csp - Most of the quadrant has been owned by the LDS Church for decades, once serving as a welfare-era farm during the Great Depression. Duke, with the LDS Church's real-estate arm, notes PRI now holds 2,000 acres there, 1,000 of which is the city's former landfill. Firmage says the LDS Church was "frustrated" by the inability to make a return on its sprawling investment. He says the housing market makes it too risky to develop, so he hopes to see an easement or the like to protect the land as open space."
- Deseret Management Corporation
- Property Reserve, Inc.
- Suburban Land Reserve, Inc
- City Creek Properties
- Beneficial Financial Group
- Bonneville International
- Bonneville Communications
- Bonneville Interactive Services
- Bonneville Satellite
- KSL Radio Station as well as other affliates.
- Television Station (KSL)
- Deseret Book
- LDS Motion Picture Studios
- Deseret Morning News
- Hawaii Reserves
- Polynesian Cultural Center (PCC)
- La'ie Shopping Center
- La'ie Park
- La'ie Cemetary
- Hukilau Beach Park
- La'ie Water Company
- La'ie Treatment Works (sewer)
- Temple Square Hospitality
- Joseph Smith Memorial Building
- The Inn at Temple Square
- Lion House Pantry
- The Roof Restaurant
- The Garden Restaurant
- Passages Restaurant
- Zions Securities Corporation
- Farm Management Corporation
- Deseret Land and Livestock
- Sun Ranch (Martin's Cove)
- Deseret Ranches of Florida (Orlando)
- Deseret Farms of California
- Rolling Hills (Idaho)
- West Hills Orchards (Elberta, Utah)
- Cactus Lane Ranch (Arizona)
- Deseret Trust Company
- LDS Family Services
- Property Reserves Inc. (PRI)
- Ensign Peak Advisors -
- Deseret Mutual Benefit Administrators
- Brigham Young University (BYU)
- BYU - Idaho
- BYU - Hawaii
- LDS Business College
- Agreserves Australia
- Deseret Ranches of Alberta, Canada
- Agreserves LTD Cambridge,England
- AgroReservas, S.C. Los Mochis, Mexico
- Deseret Farms of CA Woodland, CA
- Deseret Farms of CA Modesto,CA
- Deseret Farms of CA Chico,CA
- South valley Farms Bakersfield, CA
- Deseret Security Farms Blythe, CA
- Naples Farms Naples,FL
- Deseret Cattle & Citrus ST. Cloud, FL
- Deseret Farms of Ruskin Ruskin, FL
- Kewela Plantation O'ahu,HI
- Rex Ranch Ashby, NE
- Riverbend Farms ST.Paul, OR
- Deseret Land & Livestock Woodruff, UT
- Wasatch-Dixie Farms Elberta, UT
- Agreserves Cottle CO.,TX
- Agrinorthwest Kennewick, WA
It might be my lack of understanding but, it seems to be a lot of business as usual.
Large land parcels of several thousand acres for agriculture seems like a good thing.. but long-term development, mixed use projects, office, industrial, high rise condos seems more like Monopoly.
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Wednesday, December 18, 2019
Yesterday after a whistleblower claims that the LDS Church stockpiled $100 Billion in charitable donations and dodge taxes, the First Presidency released a statement.
" Over many years, a portion is methodically safeguarded through wise financial management and the building of a prudent reserve for the future. This is a sound doctrinal and financial principle taught by the Savior in the Parable of the Talents and lived by the Church and its members. All Church funds exist for no other reason than to support the Church’s divinely appointed mission.
The reason why they give for safeguarding the money was the principles taught by the Savior in the Parable of the Talents?
I find it so interesting how people can interpret scripture so differently. While some could read the parable as justification to multiply what you have been given, others could read the parable as a condemnation, and teaching us of what NOT to do."
Source: http://barerecord.blogspot.com/
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Items 9-c + 9-d
ITEM 9-c MEETING DETAILS + ATTACHMENTS
| File #: | 20-0054 |
| Type: | Subdivision Plat | Status: | Agenda Ready |
| In control: | City Council |
| On agenda: | 1/13/2020 |
| Title: | “Mesa and Main Redevelopment - Phase 2 East Block” (District 4) Located within the 0 to 100 block of South Udall (east side) and the 0 to 100 block of South Lesueur (west side). Located east of Mesa Drive and south of Main Street (1.05± acres). Suburban Land Reserve Inc., developer; John W. Marshall, Hilgartwilson, LLC, surveyor. |
| Attachments: | 1. Vicinity Map, 2. Council Memo, 3. Final Plat, 4. Preliminary Plat |
Council Memo (194 KB)
planning division
MEMORANDUM
To: Mayor and City Council
Through:
Kari Kent, Assistant City Manager
Nana Appiah, PhD, AICP, Planning Director
From: Lesley Davis, Senior Planner
Date: January 13, 2020
Subject: “Mesa and Main Redevelopment – Phase 2 East Block” Final Plat
Attached for your review is the final plat of “Mesa and Main Redevelopment – Phase 2 East Block”.
The preliminary plat was approved by the Planning and Zoning Board on October 23, 2019. This will establish a plat for 12 rowhomes.
There have been no significant revisions to the subdivision design following preliminary plat approval.
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ITEM 9-d MEETING DETAILS + ATTACHMENTS
| File #: | 20-0055 |
| Type: | Subdivision Plat | Status: | Agenda Ready |
| In control: | City Council |
| On agenda: | 1/13/2020 |
| Title: | “Mesa and Main Redevelopment - Phase 2 West Block” (District 4) Located within the 0 to 100 block of South Mesa Drive (east side) and the 0 to 100 block of South Udall (west side). Located east of Mesa Drive and south of Main Street (1.15± acres). Suburban Land Reserve Inc., developer; John W. Marshall, Hilgartwilson, LLC, surveyor. |
| Attachments: | 1. Vicinity Map, 2. Council Memo, 3. Final Plat, 4. Preliminary Plat |
Council Memo
planning division
MEMORANDUM
To: Mayor and City Council
Through:
Kari Kent, Assistant City Manager
Nana Appiah, PhD, AICP, Planning Director
From: Lesley Davis, Senior Planner Date:
January 13, 2020
Subject: “Mesa and Main Redevelopment – Phase 2 West Block” Final Plat
Attached for your review is the final plat of “Mesa and Main Redevelopment – Phase 2 West Block”. The preliminary plat was approved by the Planning and Zoning Board on October 23, 2019.
This will establish a plat for 10 rowhomes and 6 detached single residences.
There have been no significant revisions to the subdivision design following preliminary plat approval.
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RELATED CONTENT
Property Reserve Inc. has sold at least 16 parcels to Suburban Land Reserve Inc. for $104.2 million, according to Maricopa County records.
Both companies are real estate affiliates of the Mormon Church. Both are also major buyers of real estate across the U.S.
Real estate industry officials say the land sale between LDS brethren companies involves land on the outskirts of the Valley, including parcels near and along the Loop 303 in the West Valley as well possibly as much as 1,000-acres of land in Pinal County. The West Valley land is near the Prasada development.
Suburban Land is one of the development interests at the Prasada development at Loop 303. Glendale spokeswoman Julie Watters said the West Valley land in the deal that is slated to be annexed by her city.
Property Reserve and Suburban Land executives in Utah could not be reached for comments Friday.
The two Mormon entities have exchanged land before. Again, real estate industry officials said such a transaction could be done for tax purposes or to switch from a holding entity to a development entity.
