Mormon church-owned company buys huge swath of Florida land
The Mormon church stands to own nearly 2 percent of Florida by completing a deal to buy most of the real estate of the St. Joe Co. for more than a half-billion dollars.
The megapurchase was announced jointly Thursday by a corporate representative of church, which owns the nearly 295,000-acre Deseret Ranches in Central Florida, and by the real-estate and timber business, which has built several communities along the Panhandle coast.
Completion of the deal will leave the Utah-based church with 678,000 acres, an area larger than any other private holding in Florida, according to widely shared but unconfirmed rankings of top landowners.
AgReserves Inc., a taxpaying company of The Church of Jesus Christ of Latter-day Saints, will maintain timber and agricultural uses of the Panhandle acreage, according to the announcement....
No surprise,the Mormon church is one of the wealthiest organizations on earth with many millionaires in its membership...if there was ever an example of a blessed heresy and apostasy or an argument for the blessings of heresy and apostasy....they certainly have been blessed by somebody.