10-04-2006, 06:21 PM | #41 |
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That $6B number came from the Time magazine article a few years back. A fellow I know who is a retired accountant who worked for the church told me he thinks its a decent number. If it's off, it's not off by an order of magnitude, and that's how far it would be off to substantially alter the point I was making.
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10-04-2006, 06:23 PM | #42 | |
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10-04-2006, 06:26 PM | #43 | |
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The church is involved in lots of businesses (one of the largest being real estate). They own more land than the federal government owns in almost a dozen states. This is not out of the ordinary for the church. |
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10-04-2006, 06:27 PM | #44 | |
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10-04-2006, 06:29 PM | #45 |
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The articles have indicated everything will be closed on Sunday.
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10-04-2006, 06:32 PM | #46 | |
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The church has lots of liquid reserves. Lots. This project is well within their capabilities. |
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10-04-2006, 06:33 PM | #47 |
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10-04-2006, 06:34 PM | #48 | |
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I don't know with a certainty, but I would be shocked if they were borrowing anything for this project. That goes completely against the church's MO (even though you can actually save a ton of money by borrowing). Last edited by Cali Coug; 10-04-2006 at 06:38 PM. |
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10-04-2006, 06:44 PM | #49 | |
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I'm catching up to all the posts in this thread. SU, I thought you were a smart lawyer dude. This post is extremely naive and unreasonably skeptical. "Are their assumptions realistic?" Give me a freakin' break. "Is the church selling municipal backed bonds?" Are you from a cave and today is your first experience with the church? |
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10-04-2006, 06:52 PM | #50 | |
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You think their assumptions are sure fire? Why did SLC need an LDS church bail out if downtown SLC is such a sure fire thing for developers? Assumptions are always debatable in this context, dip yewt. You aren't showing me any knowledge other than regurgitating the propaganda. Are their pro formas an instance of modern revelation like the wide streets in downtown SLC?
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
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