LDS/Salt Lake City Development

  • Thread starter Thread starter amontoya
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amontoya said:
Did anyone else see the report about a new multimillion dollar complex the LDS church is building in downtown Salt Lake City?

pbs.org/wnet/religionandethics/episodes/november-6-2009/city-creek-center/4854/

The Church declined to be interviewed about it, but I was wondering what any of the LDS on this forum thought about how this high end shopping center squares with the Church’s stance on frugality.
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There is a possibility that I could be moving out there, slim as it may be. I like to keep up on stuff like this, and the Catholic community out there.

God Bless,
Snert
 
I’ve seen it, I think it’s hysterical.

Just anothe PR black eye for the lds. Ust add it to the list.
 
amontoya said:
Did anyone else see the report about a new multimillion dollar complex the LDS church is building in downtown Salt Lake City?

pbs.org/wnet/religionandethics/episodes/november-6-2009/city-creek-center/4854/

The Church declined to be interviewed about it, but I was wondering what any of the LDS on this forum thought about how this high end shopping center squares with the Church’s stance on frugality.
Click to expand...
Hi, Amontoya,
The report didn’t mention that some high-end retailers were already in the shopping centers that were torn down to make way for the new ones. It also didn’t discuss the economics involved in a “turn” in the economy when a development such as that happens. Guess what? People are employed when such a development happens, and their families are fed and clothed and housed, and they spend the money they earn in the communities where they live, and that money continues to “turn” within the economy.

Would you have a private corporation that has enough funds saved to invest (purely with cash outlays) in a “billion dollar” project that will create jobs during a coming recession and will be a bell-weather for tourism (competing with Las Vegas, for example, as a destination, but for different reasons than people choose to stop in Las Vegas for) as well as for businesses to spruce up their locations, to just sit on those resources and wait for a “rainy day,” or put the money directly into the economy where it has a repeated “turn”? The economic “turn” in an economy is absolutely crucial, and a growing economy benefits from that “turn”–not if everyone saves for a rainy day all at the same time. I for one save for the personal and family “rainy day”–but if the whole economy did as I do, then I would feel sorry for the thousands of people who would lose their jobs because I was not out spending money that employs them indirectly. The economy relies on investment dollars being invested, with understanding of potential returns on investment and the risks associated with those investments.
 
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