Whistleblower - Ensign Peak Advisors

[Color Me Badd Fan]

retail investments...as one who works for a firm that is closing most of the retail establishments worldwide my view is that this this probably wasn't a great long-term fiscal decision. Good thing there are plenty of reserves!

Financially, I think it was a terrible investment too.

[Color Me Badd Fan]

retail investments...as one who works for a firm that is closing most of the retail establishments worldwide my view is that this this probably wasn't a great long-term fiscal decision. Good thing there are plenty of reserves!

Off topic, but I haven't been around downtown San Diego for quite a while -- any time spent in San Diego has been at the zoo, Mission Beach or around the La Jolla area. Back between 89-91, I used to go to the Holiday Bowl every year and stay at the downtown Marriott. I believe Horton Plaza was in that immediate area. At the time, Horton Plaza was quite unique and seemed to be quite busy. For some reason, I decided to look up Horton Plaza and found out the place is now a ghost town.

Unless downtown San Diego in general is significantly more of a dump than it was circa 1990, it seems to me that if a place like Horton Plaza is about to go belly-up, it's just a matter of time for a place like City Creek.

[Sleeping in EQ]

Thankfully the church invested in City Creek as a hedge against the terrible optics.

Yes, they are following Luke 12:16-21.

[Jeff Lebowski]

Off topic, but I haven't been around downtown San Diego for quite a while -- any time spent in San Diego has been at the zoo, Mission Beach or around the La Jolla area. Back between 89-91, I used to go to the Holiday Bowl every year and stay at the downtown Marriott. I believe Horton Plaza was in that immediate area. At the time, Horton Plaza was quite unique and seemed to be quite busy. For some reason, I decided to look up Horton Plaza and found out the place is now a ghost town.

Unless downtown San Diego in general is significantly more of a dump than it was circa 1990, it seems to me that if a place like Horton Plaza is about to go belly-up, it's just a matter of time for a place like City Creek.

Provo Towne Center mall is a ghost town. Can't imagine it will stay open much longer.

[Green Monstah]

I appreciate tooblue's info on the fact that the church is doing much more than $60mm worth of humanitarian work worldwide.

But with the Church's prudence and cheap labor/missionary force they could start allocating multiple billions per year to alleviating human suffering and be potentially the greatest force for good on the earth today--without cutting into the corpus of their holdings. And maybe that is the idea--build such a formidable cache of resources that we're able to step up and do what no other organization can do when the time arises.

But as was said before, optically, it's easy to let your imagination run wild envisioning President Nelson skiing down the slopes of the church's mountains of gold, Scrooge McDuck style.

[Donuthole]

Provo Towne Center mall is a ghost town. Can't imagine it will stay open much longer.

What's so bizarre about the investment in City Creek is that it was replacing a dead mall (wasn't the Zion mall there?) and that it was being done at the same time the Gateway (a mall that was barely a decade old) was in the news for being a dying mall overrun with homeless people. Did we really think a mall was what we needed?

[falafel]

What's so bizarre about the investment in City Creek is that it was replacing a dead mall (wasn't the Zion mall there?) and that it was being done at the same time the Gateway (a mall that was barely a decade old) was in the news for being a dying mall overrun with homeless people. Did we really think a mall was what we needed?

Crossroads.

[MartyFunkhouser]

Provo Towne Center mall is a ghost town. Can't imagine it will stay open much longer.

I remember when the Provo Towne Center opened everyone thought the University Mall was going to go under.

[Jeff Lebowski]

I appreciate tooblue's info on the fact that the church is doing much more than $60mm worth of humanitarian work worldwide.

But with the Church's prudence and cheap labor/missionary force they could start allocating multiple billions per year to alleviating human suffering and be potentially the greatest force for good on the earth today--without cutting into the corpus of their holdings. And maybe that is the idea--build such a formidable cache of resources that we're able to step up and do what no other organization can do when the time arises.

But as was said before, optically, it's easy to let your imagination run wild envisioning President Nelson skiing down the slopes of the church's mountains of gold, Scrooge McDuck style.

The ultimate determination of the morality of the money hoarding will depend on what they eventually do with it, no?

[myboynoah]

The ultimate determination of the morality of the money hoarding will depend on what they eventually do with it, no?

A huge spaceship temple would be awesome.

[Art Vandelay]

What's so bizarre about the investment in City Creek is that it was replacing a dead mall (wasn't the Zion mall there?) and that it was being done at the same time the Gateway (a mall that was barely a decade old) was in the news for being a dying mall overrun with homeless people. Did we really think a mall was what we needed?

Did the church (or one of its black mirror for-profits) one the whole Zion complex? I would guess a big part of acquiring CC was to control (prevent) it from becoming a homeless sanctuary.

It likely will one day dry up, but for anyone who has walked around Seattle or Portland it is nice to not have to watch your step to avoid human excrement or a guy napping outside of Nordstrom.

[Flystripper]

We know from The Expanse that a Noah's arc spaceship is in our future. Well...in your future.

[MartyFunkhouser]

Did the church (or one of its black mirror for-profits) one the whole Zion complex? I would guess a big part of acquiring CC was to control (prevent) it from becoming a homeless sanctuary.

It likely will one day dry up, but for anyone who has walked around Seattle or Portland it is nice to not have to watch your step to avoid human excrement or a guy napping outside of Nordstrom.

I think this is exactly why they built City Creek. It wasn't about making money, it was about keeping the area around Temple Square from becoming run down.

[Flystripper]

I think this is exactly why they built City Creek. It wasn't about making money, it was about keeping the area around Temple Square from becoming run down.

They willjust re-purpose with restaurants, residential, and office when the retail is gone. Good thing there is a 100 billion reserve!

[myboynoah]

We know from The Expanse that a Noah's arc spaceship is in our future. Well...in your future.

Ahem