More companies owned by religious groups

I know the mormon's own a multi million dollar company that owns radio stations in big markets accross the country. Its called Bonneville International Corporation. managed by Deseret Management Corporation, is a broadcasting company wholly owned by The Church of Jesus Christ of Latter-day Saints (the LDS Church). Headquartered in the Triad Center Broadcast House in Salt Lake City, Utah, Bonneville's name alludes to the prehistoric Lake Bonneville which once covered much of modern-day Utah.

Bonneville owns about 30 radio stations and one television station. Additionally, the Bonneville Communications arm provides broadcast distribution services to non-profit organizations, notably the LDS Church during its semi-annual General Conferences.

[Judecat]

Yeah, but St Patric's is in the neighborhood of Rockifeller center, where 1.000 sq ft condo recently sold for 1,2 million. So I would really bet that that building is way more valuable than the measly $155 million for St Patric's. I think Value is a measure of what you can get out of it. My neighbors house is more valuable than mine because he is collecting rents while I am just living in mine.

And in that link from Erratta that 155 mil is estimated market value. It's only worth that much is someone is in the market for an expensive white elephant -- not even the other buildings are included.

I just got back from NYC. Our tour guide told us that it, St. Pats, is the richest church in the world. Not only is the land the church sits on worth millions BUT it also OWNS the blocks that surrounds it. The church did not sell the land when they built high rises on it but leased it instead. So it, in effect, owns numerous skyscrapers most likely in the billion dollar range. It does not own the majority of Manhattan property but sure owns some expensive stuff.

[Ana Ng]

Originally Posted by Judecat

Since there are more Catholics in Manhattan than any other religious affiliation, then it might be true to say that most of the residental property is owned by Catholic families but that doesn't mean the Catholic Church owns them.

Ah, but you forget, all Catholics have a direct line to the pope! I went to Catholic school, maybe I can get a sweet deal on a loft somewhere...

The cathedral and other property are not owned by the Catholic Church, per se, but rather by the Archdiocese of New York.

According to this article the Archdiocese is "the largest religious property owner in New York" (emphasis added). It goes on "If a single entity owned New York's 579 synagogues—as the Archdiocese owns as corporation sole most Catholic churches—it would be the largest religious property owner in the city."

The article also discuses the value of church properties in NY that the Archdiocese is selling, as well as the plight of other denominations that are "land poor."

[Kev]

Originally Posted by Duckie Queen

I just got back from NYC. Our tour guide told us that it, St. Pats, is the richest church in the world. Not only is the land the church sits on worth millions BUT it also OWNS the blocks that surrounds it. The church did not sell the land when they built high rises on it but leased it instead. So it, in effect, owns numerous skyscrapers most likely in the billion dollar range. It does not own the majority of Manhattan property but sure owns some expensive stuff.

The church may own the land the buildings are sitting on, but that doesn't mean it owns the buildings, "in effect" or otherwise.

Originally Posted by Kev

The church may own the land the buildings are sitting on, but that doesn't mean it owns the buildings, "in effect" or otherwise.

My property law is a little rusty but if the building owners defualt on the lease then the church can take back the land and everything on it.

[snopes]

Comment: I've heard that Walgreens removed its Liquor/Beer/Wine sections
because of people of the Mormon faith becoming majority owners of the
corporation. Is that true?

I made the assumption that Walgreens believed it wrong to sell alcohol
while trying to make people healthy through providing healthcare, but if
that is the case, why do they still sell cigarettes, cigars, and chewing
tobacco.

[Keeper of the Mad Bunnies]

Originally Posted by snopes

Comment: I've heard that Walgreens removed its Liquor/Beer/Wine sections
because of people of the Mormon faith becoming majority owners of the
corporation. Is that true?

I made the assumption that Walgreens believed it wrong to sell alcohol
while trying to make people healthy through providing healthcare, but if
that is the case, why do they still sell cigarettes, cigars, and chewing
tobacco.

It appears to be purely business.

Polzin said the problem with liquor departments was two-fold: they eat up a lot of space, and they consume the attention of store management. "We need to do a high volume to make liquor worthwhile," added Polzin during a recent tour of the chain's newest store format. Polzin said the chain would continue to offer an alcoholic beverage department in some high-volume locations where local demand remains strong--particularly in such Sunbelt vacation spots as Florida.

Walgreens replacing liquor with other front-end items

James Powell

[Tarquin Farquart]

Originally Posted by snopes

Comment: I've heard that Walgreens removed its Liquor/Beer/Wine sections
because of people of the Mormon faith becoming majority owners of the
corporation. Is that true?

I made the assumption that Walgreens believed it wrong to sell alcohol
while trying to make people healthy through providing healthcare, but if
that is the case, why do they still sell cigarettes, cigars, and chewing
tobacco.

I find that hard to believe. Several off-licences near me are owned by Sikhs.

[Keeper of the Mad Bunnies]

Originally Posted by Kayy911

I know the mormon's own a multi million dollar company that owns radio stations in big markets accross the country. Its called Bonneville International Corporation. managed by Deseret Management Corporation, is a broadcasting company wholly owned by The Church of Jesus Christ of Latter-day Saints (the LDS Church). Headquartered in the Triad Center Broadcast House in Salt Lake City, Utah, Bonneville's name alludes to the prehistoric Lake Bonneville which once covered much of modern-day Utah.

Bonneville owns about 30 radio stations and one television station. Additionally, the Bonneville Communications arm provides broadcast distribution services to non-profit organizations, notably the LDS Church during its semi-annual General Conferences.

Deseret Management Corporation (DMC) is a for-profit business holding company affiliated with The Church of Jesus Christ of Latter-day Saints (Church). DMC oversees the commercial companies affiliated with the Church, including Beneficial Financial Group, Bonneville International Corporation, Deseret Book Company, Deseret Morning News, Hawaii Reserves Inc., Temple Square Hospitality Corporation, and Zions Securities Corporation.

Deseret Management Corporation

James Powell

[snopes]

Comment: I have heard since I have been living in Nevada that Mormon from the LDS church own casinos in the Las Vegas area. This is true?

[snopes]

Mormons from the LDS church own casinos in the Las Vegas area

Is there another kind of Mormon?

- snopes

[Errata]

Originally Posted by snopes

Is there another kind of Mormon?

Well, the crazy polygamist cults who broke off from the main church.

Sorry to go a bit off topic here.

And in many cases, a survey would be more accurate than a census...the larger the census, the greater the likelihood of sampling error.

Actually the truth would be the inverse to this statement. For example say you have a town with 100,000 people in it. You do a census with the 100,000 people. Your margin or error is of course 0. Assuming you are willing to have a 95% confidence level (figure will be the same in both examples.)

Know as to a survey with the same confidence level here are the amount of people who need to be survied for different margins of error (M.O.E).
1% M.O.E. 8763
3% 1056
5% 383

This of course shows why surveys are prefered to actual census with a relatively small sample you can get a close idea of the opinion of the entire population being studied.



Online Survey Error Margin Calculator

Originally Posted by snopes

Comment: I have heard since I have been living in Nevada that Mormon from the LDS church own casinos in the Las Vegas area. This is true?

It is possible, obviously, though nobody notable (like, I know none of the Marriots have casinos). However, as gambling is against our religion they would actually not be considered active or devout if that were the case.

I live near Navoo, IL, one of the Mormons Holy Sites.

I went to the visitor's center, and as the Mormon guide, was giving us a tour, she explained that main-line Mormon's do not practice poligamy. She also explained how in the Mormon Church when you marry, you are married for eternity. Marie Osmond has been married at least twice. Smart aleck that I am, I asked which husband would she be spending eternity with.

The guide gave me a confused look, and said let us move on.

Kathy

Originally Posted by bl76km81

I went to the visitor's center, and as the Mormon guide, was giving us a tour, she explained that main-line Mormon's do not practice poligamy. She also explained how in the Mormon Church when you marry, you are married for eternity. Marie Osmond has been married at least twice. Smart aleck that I am, I asked which husband would she be spending eternity with.

The guide gave me a confused look, and said let us move on.

From my time living in Utah--

If I'm not mistaken, I believe that once you are *sealed* (not just married) you are destined to spend eternity with that partner.

Additionally, I recall hearing about technicalities in which men could be sealed to more than one woman in the event of becoming a widower, but women can't in the case of becoming a widow, or something like that. I may be (and most likely I am) butchering that completely.

No, you've got it pretty much right Bravo. However even after you are married for eternity, you can be divorced. Your *sealing* to that individual ends and you don't have to spend the rest of eternity with the NFBSK.

I believe the Mormon's owned the Alpha Beta grocery store chain. Maybe still do. If there are Alpha Beta's anymore. They were quite popular in SoCal years ago. Rumor is in the beginning, Alpha Beta did not carry liquor, tobacco, coffee, or Aspirin because of the Mormon's beliefs. Don't know if it's true.