That's really odd. I thought in order for any new office tower to get financing
from a bank and be built, it had to have 50-60 percent of office space preleased
to prospective tenants before construction can begin on such a highrise project.
raise a most interesting point. And I believe that from what I've read in the
past that you are correct in your assumption. Business as usual...
Two things. Hamilton Partners is a very large and successful developer out of
Chicago. This record combined with the easy credit policies in existence when
the project started a few years ago made it easier to get financing without the
typical preleasing requirements.
Maybe, instead of creating more taxes for property owners, the leases ought to
go to the Police for a "relocated" Public Safety building...
till all comes down!
I am from Chicago and in Chicago 22 storys would not even be considered a low
rise building.... This is Not no high rise building!
We're from Utah.....and we don't need an ugly Willis Tower, when we have our
beautiful mountains.We look down on YOU.
John: Isn't it lame how downtown Salt Lake doesn't have a tower over 20 stories?
Man, it would be so nice to get a new tallest tower in the 40-50 story range.
Oh yeah and there is a really big lake there that gives a new name to the word "
Lake Effect" snow!
Wow, the two billion dollar LDS mall is now a 3 billion dollar mall.That's a lot of widow's mites.
Bye bye Gateway. That cheaply constructed dog of a mall will die the moment
City downtown opens. It will become a rat hole as retailers flock to the new
digs.Remember Ogden Mall? Riverdale gave Dillards free tax
incentives, then all the retailers left, mall dies, Godfrey knocks it down but
keeps the city owned parking garage instead of the mall. This is Deja Vu.
The LDS church has "no paid clergy." How can they afford a 3 Billion Dollar
shopping mall?I remember a bishop encouraging us to increase our
fast offerings. He said that if everyone in the world did so, the LDS church
would have enough money to eliminate world hunger.Is there any
chance this is one large soup kitchen, disguised as a shopping mall? Will people of the world be able to gather their and eat for free?Does anyone really know how much money from fast offerings and tithing goes to
buy food for the starving nations of the world? Is there a percentage listed or
discussed, or reported somewhere in the official books of the church?
Follow the dollar
"gather their" WHAT, KindofSUPRISED.
So the estimate cost of the mall has risen to $3billion so far. Is
this why there was a message in the October Ensign from the LDS church leader
about a faithfull 20% Tithe Payer? Are they trying to influence members to pay
more than 10% now?
This is all about the mighty dollar. A more vibrant downtown will attract
increased visitors to church headquarters, which will increase members, which
will add more dollars to the church coffers. I have a hard time believing it is
about saving souls.
Where does the money literally come from? And more to the point, where does the
LDS church SAY the money comes from? Pls someone tell me!
I live in the L.A. area. Downtown L.A. is a dump. I believe $3 billion is a
cheap price to keep your downtown liveable and vibrant. L.A. will be spending
billions more than that to try to return their downtown to decency.
I just returned from a visit to Mexico via LA. LAX is a dive compared to the
Mexican airports. Downtown LA looks like a third world city compared to the
Mexican City that I visited.
Dennis--I'm guessing that you didn't visit more than one Mexican airport and
that it was a resort city like Cancun which was built by US and Canadian tourist
dollars. Keep in mind too that those resort cities get ruined every
10-15 years by hurricanes and have to be rebuilt or the tourists won't come.
The Mexican govt knows that to keep US dollars flowing into Mexico, those resort
cities have to be kept up and the airports need to be modern.Try
visiting the Mexican interior. Your tune will change.
Dennis,I lived for several years in Mexico and love it, but to act
like LA is some kind of third-world compared to ANY city in Mexico is
ridiculous. I worked in the nicest part of Mexico City and it doesn't hold a
candle to even the worst-kept major cities of the US. Sorry, just being
truthful. Where were you by the way?
I might buy one of those ahhhhh royalty