LDS Church firms own nearly 9,260 housing units downtown, from small apartments to luxury condominiums. The church’s two newest high-end office skyscrapers — 111 Main and 95 State at City Creek — are each worth more than $150 million.
Renovations to the temple in Mesa, Ariz., included a new visitors center and residential construction owned by the church.
“I was advocating that we have a real downtown, a place that incorporates more local businesses and residents, and that grows and changes organically over time,” he said. Instead, “it’s really just mass commercialism. It’s only there for the very wealthy.”and vowed it would only happen “over my dead body.”
Stephen Goldsmith, then the city’s director of planning, said City Creek seemed caught at times between profit-driven values of executives at Property Reserve and those of church leaders, who leaned toward stewardship and a sense of the public good. Whatever is coming, it’ll probably be an eclectic mix and built to last. Residential and office uses have been part of the church’s vision for its properties in the central business district, Bills said, since well before the City Creek expansion.
A look at downtown Salt Lake City, where much of the land is owned by The Church of Jesus Christ of Latter-day Saints, including the parking lot between 200 West and 300 West along North Temple, pictured on Wednesday, Sept. 28, 2022.
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