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FRONT PAGE  |  8/2/2015
SATURDAY, NOV 9, 2013  |  21 comments
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. ...


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www.orlandosentinel.com

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News Item11/9/13 7:50 AM
Strat  Find all comments by Strat
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.
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