The church has a massive real estate portfolio. If they didn't put the money

Dec 16, 2015
11:48:06am

bvfcr Walk-on

there, they would have put it into another property. The mall was a very sound investment but that wasn't the reason why they did the project.

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bvfcr

Bio page: bvfcr
Joined: Apr 1, 2013
Last login: Sep 20, 2016
Total posts: 401 (0 FO)

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Messages

Author

Time

FairMormon.org: Cougarboard is an "ex-Mormon message board"

panguitch

12/16/15 9:52am

$6.5 B for a shopping mall seems a bit steep to me. Shouldn't BYU get some?

Cougarclaw

12/16/15 9:53am

haha, said the guy is the $5000 suit!

8Bcougar

12/16/15 12:34pm

oh...only $1.5 BILLION...ok. i feel much better now esp since we can't fork

nashty

12/16/15 9:56am

The Church isn't out of pocket for that-- it's a loan guarantee.

jkccoug

12/16/15 9:58am

Actually, we pay coaches far more than 1% of that.

panguitch

12/16/15 10:10am

<< Deleted >>

thaws

12/16/15 10:13am

a HUGE distinction. the "enemies" of the church point it out as evidence the

nashty

12/16/15 10:22am

Apples and oranges man. The mall has nothing to do w/ BYU salaries

Ulysses14

12/16/15 10:55am

Thanks for pointing this out, but it's shocking to me that you even have to...

ZooBlue

12/16/15 1:05pm

City Creek = Asset, Football Coach = Expense (service)

AzCoug1

12/16/15 11:43am

BYU Football = Missionary Tool

whiteninja

12/16/15 12:29pm

Ute Fans = Tools

snowcat

12/16/15 12:52pm

I know Bronco said BYU Football = Missionary Tool, but that has never been

AzCoug1

12/17/15 1:27pm

Ppl have shared links in the past that support it. I'm not going to take the time...do a search

whiteninja

12/17/15 2:14pm

They are counting the entire cost of the project, not just the amount the church is putting into it.

Blue Print

12/16/15 9:59am

5 billion for the total downtown revitalization project.

JAGA97

12/16/15 10:00am

wow, so 1.5 Billion over the 5 billion dollar budget....

TheDeek

12/16/15 10:01am

People who complain about the City Creek cost don't understand finance/investing

Machiavelli127

12/16/15 10:03am

pretty sure we all get the "investing" idea. you'd think if the BYU football

nashty

12/16/15 10:09am

Nobody is arguing that BYU should pay better for their program. But you have fallen into a dangerous trap here

thaws

12/16/15 10:13am

not sure how it's "dangerous". i'm not letting this affect my testimony or

nashty

12/16/15 10:18am

Using false numbers discredits the reasonable points that you do make.

panguitch

12/16/15 10:22am

what false #'s?

nashty

12/16/15 10:25am

RE: what false #'s?

panguitch

12/16/15 10:32am

1.5 billion is still A LOT of money.

SaintGeorgeYFan

12/16/15 1:57pm

My statements were in regards to City Creek, not the media building, marriot ctr

Machiavelli127

12/16/15 10:21am

RE: My statements were in regards to City Creek, not the media building, marriot

nashty

12/16/15 10:24am

Here's the source data for BYU athletics revenues/expenses

Machiavelli127

12/16/15 10:54am

RE: pretty sure we all get the "investing" idea. you'd think if the BYU football

Linescratcher

12/16/15 10:33am

have you ignored every bronco mendenhall interview or media day the last 11 yrs?

nashty

12/16/15 10:46am

I think you're reading what you want to read into his comments.

Linescratcher

12/16/15 11:35am

Just to clarify, the $5 million number is not BYU's operating profit

Machiavelli127

12/16/15 11:05am

They're kind of like our own Occupy Temple Square crowd.

Blue Print

12/16/15 10:11am

All excellent points, in addition to just the investment and long term return

Pacino

12/16/15 10:18am

Because the Church plans on selling those assets downtown?

Singcat

12/16/15 11:14am

Or are you talking about increased rental value of Church owned properties?

Singcat

12/16/15 11:15am

The church owns a lot of property right there. They are protecting them from urban blight.

Blue Print

12/16/15 11:24am

Both really, rental values but also undeveloped property or property

Pacino

12/16/15 3:25pm

RE: People who complain about the City Creek cost don't understand

catchbigtuna

12/16/15 12:51pm

Pfft. Two sentences yet you seem to think you know something about the PEF?

panguitch

12/16/15 2:48pm

Lol...are you honestly trying to argue that diversification is bad??

Machiavelli127

12/16/15 2:57pm

I agree with the church "investing idle funds", but there is a fine line of risk

crm48

12/16/15 2:14pm

This is true..no tithing funds were used to fund the project

Machiavelli127

12/16/15 3:00pm

why do any of you or ex-mormons or non mormons care about a mall?

LVCougarFan

12/16/15 11:05am

Because everyone paying tithing sacrifices to do it and some don't like to think

Singcat

12/16/15 11:11am

Tithing $$ was not used on the shopping mall

Ulysses14

12/16/15 11:38am

It almost certainly wasn't. But his point about transparency stands.

Linescratcher

12/16/15 11:49am

Transparency isn't what will stop the criticism, it will in fact fuel it more.

Ghost

12/16/15 11:58am

If your goal is to avoid criticism, then maybe transparency is bad.

Linescratcher

12/16/15 12:09pm

Therein lies the rub

FatherOFive

12/16/15 12:12pm

All money originally came from tithing,

Dan2

12/16/15 2:41pm

This is false.

panguitch

12/16/15 3:10pm

Is money not being spent to help the poor and needy? And, should all of the

Bob Vance

12/16/15 2:35pm

FairMormon isn't always intellectually honest. Plenty of half truths coming

Singcat

12/16/15 11:07am

The church has a massive real estate portfolio. If they didn't put the money

bvfcr

12/16/15 11:48am

1.5B vs. 5B: either way, a freaking ton of money on a shopping mall

Harrison0Yfan

12/16/15 12:12pm

RE: 1.5B vs. 5B: either way, a freaking ton of money on a shopping mall

Machiavelli127

12/16/15 12:14pm

They also don't understand that it was a huge reason Utah's economy was near top

dultso

12/16/15 1:42pm

I think my problem is more with the logical disconnect.

Harrison0Yfan

12/16/15 5:45pm

Good grief your lame

ZooBlue

12/16/15 5:50pm

*Yer

Harrison0Yfan

12/17/15 3:55pm

Oops:)

ZooBlue

12/17/15 4:12pm

I see where you're coming from, but it's not like the football program is being

Machiavelli127

12/16/15 6:01pm

I think you get the main reason right. It's hard to calculate/predict just how

Harrison0Yfan

12/17/15 3:57pm

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