City Creek Center in Salt Lake City

Revision as of 23:02, 22 March 2011 by GregSmith (talk | contribs) (How does the Church decide where to use the money?)

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Questions

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What can you tell me about the Church's decision to develop the area of downtown Salt Lake City, including the large City Creek Center Mall project? Are tithing funds used for this project? Shouldn't the Church use the money instead to feed the poor and help the needy?


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Detailed Analysis

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Church response

The Church has repeatedly stated that no tithing money is being used for construction of City Creek Center, including in the Ensign (see here).

The entire project is being financed through the church's commercial real estate arm, Property Reserve, Inc.

Deseret News has more information on the construction and financing (see here).

For a detailed response, see: Mormonism and church finances/City Creek Center

How does the Church decide where to use the money?

Some have insisted that funds would be better if directed to charitable works such as feeding the poor. The Church does have an extensive humanitarian effort. Critics on this point often overlook the fact that Church funds are best managed not by sitting in a bank account, but through prudent investment. Investment in land and real estate development is often a wise and ultimately profitable investment approach.

It is entirely possible that the City Creek Center Mall will eventually become a money making venture, as the Church collects rent from mall merchants. This investment strategy would allow the Church to, over time, recoup its initial outlay or even make money that could be further dedicated to the Church's religious and humanitarian goals.

Critics also overlook the fact that if money is spent to feed the needy, that money is gone. On the other hand, if the Church reinvests in Salt Lake City's downtown core, this provides jobs and economic stimulus (for example, via construction and then the service-industry jobs which will fill the mall upon its completion). While providing fewer short term gains, this long term "teach a man to fish" strategy could ultimately benefit many more people, by allowing them to "help themselves." Further, property investment does not preclude the Church from continuing its service efforts with other monies. This is not an "either/or" question.

If Salt Lake can avoid the fate of so many other inner cities--a lapse into disrepair, poverty, and crime--this will likewise benefit all the city's inhabitants. The Church seems to be taking a longer view to preserve the city core for the future. One observer has noted economic and social benefits already:

Natalie Gochnour, the executive vice president of the Salt Lake Chamber, points out that the development will include 524 residential units and is already pumping life into downtown. Over the last two years, more than a dozen new restaurants have opened within a two-block radius of the development.[1]
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Answer

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No tithing funds are invested in the City Creek project. However, those funds that are invested may well pay dividends in the future, as well as providing many benefits to the community and those who live in it. == Notes ==

None

Further reading

FairMormon Answers articles

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FairMormon web site

External links

Printed material