Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SALT LAKE CITY (AP) -- The LDS church is buying another lot in downtown Salt Lake City.
The Church of Jesus Christ of Latter-day Saints says it bought 3.76 acres on North Temple Street as a long-term investment.
That's the same reason the Church offered for its purchase announced weeks ago of a 10-acre block north of the Little America Hotel.
The Church picked up that parcel and a smaller one from hotel owner Earl Holding.
The latest real-estate purchase is a corner lot at 400 West and North Temple from a subsidiary of restaurant chain Gastronomy.
Church spokesman Scott Trotter says the Church has no immediate development plans.
The Church through business affiliates is downtown Salt Lake's largest landowner.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
