LDS church-owned mall made $200M in first 9 months
Tax figures show a lavish shopping center owned by the Mormon church is on track to generate $266 million in sales in its first year of operation.
The success of City Creek Center — notable for a set of retractable roofs — apparently comes at the expense of downtown Salt Lake City's other outdoor shopping center.
The Gateway saw sales decline around 20 percent last year.
The Utah Tax Commission says City Creek Center's shops and restaurants generated $200 million in sales in the mall's first nine months of operation during 2012.
At that rate, taxable sales will hit $266 million for a full year. City Creek Center opened in March 2012.
Figures show The Gateway had taxable sales of $150 million in 2012, down from $190 million the year before.
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