Uncle Brigham (yes, he is my Uncle, several generations removed) jabbed his cane into the floor of the Salt Lake valley and declared “This is where we will build our Temple.” The Temple became the center of Salt Lake’s N. S. E. W. grid pattern streets, as well as a gravity powered irrigation system. Orderly, clean, wide streets became hallmarks of the city. When building lots went on sale, Brigham wisely retained ownership of all lots near the Temple. “There will be no undesirable businesses across the street from our front door.”
As the city developed, hundreds of chimneys belched coal smoke and soot into the air, so a large central boiler was installed. Standing three stories high in an underground room, it fed steam pipes via brick lined tunnels to businesses and homes near the temple, eliminating hundreds of fireplaces.

The boiler was abandoned when electricity and natural gas became available, and the tunnels became pre-made conduits for utilities of all types. Tunnels radiate from the Church office building to the Tabernacle and most other buildings on Temple Square. Some even stretch 4 1/2 blocks south to the City County Building.
Of course there are tales of forgotten tunnels, tunnels that hide mysteries, etc,. and some may be true.

Over the years the tunnels have been enlarged to accommodate foot traffic, golf carts and even two-way golf cart traffic. Most tunnels terminate in a limited access sub-basement. A digital key summons a private elevator and lets the passenger go where he wants to go without public attention. In the ZCMI Center there is also parking for blacked-out limos to take a ramp up to street level, where doors open onto a side street that has limited access.
About three years ago, The Church of Jesus Christ of Latter-Day Saints (a.k.a. Mormons) found they had a big problem. Once seen as a small, persecuted church with exclusive access to the Gospel, it is now listed as The Richest Church On Earth.
By some estimates, it is worth of between 400 and 800 billion and will soon become the first church to reach the trillion dollar mark. Who is going to give their Widow’s Mite to a church that already has a trillion bucks?
This problem came to light when the Church wanted to hide another 32 billion dollars. To avoid the required public disclosure forms, they split the money into 13 L.L.C.s (just under the 2.5 billion reporting threshold at the time). Each was headed by a trusted church employee, with names like Jack Jones that would not stick out in memory. Remember the Church is a charitable non-governmental organization (N.G.O.) and audited by no one, and pays no taxes.
Of course, they eventually got caught. A former employee blew the whistle on the whole scheme.
The Securities and Exchange Commission ( S.E.C.) is interested in big accounts because of the possibility of drug money laundering or similar bad behavior. They discovered this shell game had been going on for at least 22 years.
To provide cover, the Church blamed it all on their (wholly owned) subsidiary Ensign Peak Advisors, which paid a 4 million dollar fine. The Church paid a 1 million dollar fine while not admitting guilt (W.S.J. 08- FEB- 2020 and 29-JUN- 2023).
Far worse than the fine, the news stories drew attention to Church finances. Realizing they had grown too big to hide money in little old Salt Lake, the Church turned to Goldman Sachs for help. Arm’s length transactions with Goldman could keep accounts hidden, and some could even be kept off shore. The tunnels became part of the master plan.
In March of 2005 Goldman announced they were moving their headquarters to Florida to avoid taxes (makes sense) while keeping offices in N.Y.C. (makes sense) and expanding their offices in Utah. Utah was not known as a financial center.

Goldman moved into a new office tower at 222 So. Main in early 2011, occupying the 7th thru 14th floors (there is no 13th floor). To accommodate about 720 initial employees, there is underground parking for 850 cars. Goldman also occupies space at 111 So. Main. Salt Lake employees about 2,350 of 34,000 employees worldwide ( S.L.Tribune).

The amount of business that has been generated has earned Salt Lake the title Wall Street of the West.

The old steam pipe tunnels connect the Goldman offices to Church headquarters. In this digital age you can appear in person from about anywhere. A spacious conference room is accessible from the parking level with a digital pass. When the weekly conference of top officials of the Church and Goldman is scheduled, the first item is probably “Your place or mine?”
Yes, Uncle Brigham planned well…


























































