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LDS Church Forgoes Subsidies for Redevelopment

City Creek Center -- the LDS Church's recently announced downtown development -- will not be subsidized by taxpayers. What does this mean?

  • No so-called "public-private partnership".
  • No RDA or tax increment financing
  • No free infrastructure.
  • No diversion of tourism taxes.
  • No new taxpayer-funded parking facility
  • No logic-free claims by county and city officials that subsidies for locally-driven retail and entertainment "grow" the economy.
Let's hope this marks a turning point in Utah. If a retail project of this magnitude that requires expensive demolition and site preparation doesn't need taxpayer subsidies, then other retail projects don't either.

And yes, this development will be fully taxable like any other for-profit entity.

Posted by Utah Taxpayer on Wednesday, October 04, 2006 at 8:02 PM |

Amen and amen.

Posted by Blogger Utah Peaknik | 8:07 AM  

Please no comments/jokes about for-profit and for-prophet entities

Posted by Anonymous Anonymous | 9:25 AM  

yes--it will only be subsidized by 10% of their members income. Although private, certainly not a "for profit" entity that you would find in the typical market place. This is an apples and pears comparison.

Posted by Anonymous Anonymous | 10:06 AM  

Apples and pears? I don't think so. The church says that no tithing money will be used. I can't verify that, but I'll assume it's correct.

The bottom line: no taxpayer subsidy.

Posted by Anonymous Anonymous | 8:46 AM  

Excellent analysis!

If a private endeavor is truly worthwhile, it can be done without public assistance.

Even a REAL soccer stadium.

The LDS church sets an excellent example for the private sector, Anonymous' not-well-thought-out comments about tithing notwithstanding.

Posted by Blogger Frank Staheli | 7:37 PM  

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