The Mormon Church's Dark Real Estate Empire Expands Across the US: “They’re Opportunists in a Calculated Way”
The Church of Jesus Christ of Latter-day Saints operates in the US like a sovereign wealth fund, investing in thousands of properties for the long-term.
A new community called Tributary is being developed on a 388-hectare plot of land, 20 minutes from Denver International Airport. The project will include homes for over 12,000 people, shops, parks, a school, and a fire station. A railway link to the area will provide direct access to the airport. The developer, Property Reserve, is linked to The Church of Jesus Christ of Latter-day Saints, which has owned the land for decades. The project is expected to be a significant opportunity for the city of Aurora.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
