Interesting article in today's Tribune about the massive LDS real estate holdings in downtown core and how it'll shape the future.
https://www.sltrib.com/religion/2022...fer-clues-how/
Some nuggets from the article:
“They recognize the value of density downtown, and they are building out from the core,” said Dee Brewer, a former executive with Taubman at City Creek, the church’s partner in developing and operating the shopping center under a long-term lease.
“And they are timing their development to support downtown’s growth trajectory,” said Brewer, who now heads the Salt Lake Chamber’s Downtown Alliance, advocating for merchants in the heart of the city.
If you want a strong hint for how the deep-pocketed church land may develop from here, look at City Creek, 111 Main and 95 State at City Creek — now shepherded by the church’s City Creek Reserve, created in 2007.
City Creek Center, built during the Great Recession and providing much-need construction jobs, capped the church’s stated desire to improve downtown and protect the area around the faith’s showcase campus from falling into disrepair.
Bills said there are no immediate changes being contemplated for the church-owned parking lots at North Temple and 200 West and at West Temple and 500 South.
Because of its proximity to church headquarters, the block east of the Triad Center — now blanketed in parking stalls — seems a more likely site for expanding the church’s main campus and could even be a locale for new offices if the 28-story Church Office Building, now a half-century old, is ever demolished.
Anderson said church officials also once assured the city they would not build substantially south of 200 South, which — in lieu of details from the church — leaves the future status of the open block at 500 South even more subject to speculation.