Pity Party for LDS, Inc./City Creek Reserve Inc.
The Salt Lake Tribune has an article up noting that LDS Inc./City Creek Reserve is having a hard time selling its downtown condos. I know I feel bad for LDS, Inc. I mean, why build condos except to make a profit, right? And City Creek Reserve Inc. really doesn’t have enough money. According to the Salt Lake County Assessor’s Office, they only have $422 million in property they own in Salt Lake County. God needs more. And that means selling condos. And who doesn’t want to live in a condo in a tower owned by LDS, Inc.? What could possibly be wrong with that?
I can’t help but also mention that they started construction in 2008, just after the beginning of the economic recession. They are now lowering prices on the condos. So much for the gift of prophecy on that one…
All those who would like to join me in a vote of thanks to City Creek Reserve Inc. for wisely using the Lord’s money, please do so with a raised hand. All those opposed, comment below. 😉