A subsidiary , subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company , which has legal and financial control over the company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies . The subsidiary will be required to follow the laws where it is headquartered and incorporated. It will also maintain its own executive leadership.
117-523: Deseret Book ( / ˌ d ɛ z ə ˈ r ɛ t / ) is an American publishing company headquartered in Salt Lake City, Utah , that also operates a chain of bookstores throughout the western United States. It is a wholly owned subsidiary of Deseret Management Corporation (DMC), the holding company for business firms owned by the Church of Jesus Christ of Latter-day Saints (LDS Church). Deseret Book
234-405: A corporate , although this term can also apply to cooperating companies and their subsidiaries with varying degrees of shared ownership. A parent company does not have to be the larger or "more powerful" entity; it is possible for the parent company to be smaller than a subsidiary, such as DanJaq , a closely held family company, which controls Eon Productions , the large corporation which manages
351-605: A 10-year-old company based in Salt Lake City which was known for its Latter-day Saint cinema productions as well as its record labels, including Highway Records, Joyspring Records, and Embryo Records (later renamed to Lumen Records). Jeff Simpson, the founder and president of Excel, became the new executive vice president of the merged company. Both companies are privately held, so terms of the deal were not publicly released. Although some Excel employees were relocated to Shadow Mountain music at Deseret Book headquarters, most remained at
468-715: A Buddhist temple and Japanese Christian chapel – remain in downtown Salt Lake City. European ethnic groups and East Coast missionary groups constructed St. Mark's Episcopal Cathedral in 1874, B'nai Israel Temple in 1890, the Roman Catholic Cathedral of the Madeleine in 1909 and the Greek Orthodox Holy Trinity Cathedral in 1923. This time period also saw the creation of Salt Lake City's now defunct red-light district that employed 300 courtesans at its height before being closed in 1911. During
585-642: A company (usually with limited liability ) and may be a government-owned or state-owned enterprise . They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway , Jefferies Financial Group , The Walt Disney Company , Warner Bros. Discovery , or Citigroup ; more focused companies include IBM , Xerox , and Microsoft . These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Subsidiaries are separate, distinct legal entities for
702-530: A corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front , comprising a population of 2,746,164 (as of 2021 estimates), making it the 22nd largest in the nation. With a population of 200,133 in 2020, it is the 117th most populous city in the United States . It is also the central core of the larger of only two major urban areas located within
819-401: A damaging windstorm with hurricane-force winds , amidst the wider national George Floyd protests , the global COVID-19 pandemic , and protests against pandemic measures . Salt Lake City has an area of 110.4 square miles (286 km ) and an average elevation of 4,327 feet (1,319 m) above sea level . The lowest point within the boundaries of the city is 4,210 feet (1,280 m) near
936-476: A definition that provides that "control" is "the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in pursuing the objectives of the controlling entity". This definition was adapted in the Australian Corporations Act 2001 : s 50AA. Furthermore, it can be
1053-467: A fault segment was found at the southern edge of the convention center, and expansion plans were halted until more earthquake fault studies could be completed. The city, as well as the county , is laid out on a grid plan . Most major streets run very north–south and east–west. The grid's origin is the southeast corner of Temple Square, the block containing the Salt Lake Temple; the north–south axis
1170-419: A flourishing Chinatown in Salt Lake City nicknamed "Plum Alley", which housed around 1,800 Chinese during the early 20th century. The Chinese businesses and residences were demolished in 1952 although a historical marker has been erected near the parking ramp which has replaced Plum Alley. Immigrants also found economic opportunities in the booming mining industries . Remnants of a once-thriving Japantown – namely
1287-404: A joint arrangement (joint operation or joint venture) over which two or more parties have joint control (IFRS 11 para 4). Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The Companies Act 2006 contains two definitions: one of "subsidiary" and
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#17330848119231404-432: A judgment against the parent if they can pierce the corporate veil and prove that the parent and subsidiary are mere alter egos of one another. Thus any copyrights, trademarks, and patents remain with the subsidiary until the parent shuts down the subsidiary. Ownership of a subsidiary is usually achieved by owning a majority of its shares . This gives the parent the necessary votes to elect their nominees as directors of
1521-559: A maximum difference of 7,099 feet (2164 m) being achieved with the rise of Twin Peaks from the Salt Lake Valley floor. The Salt Lake Valley floor is the ancient lakebed of Lake Bonneville , which existed at the end of the last ice age . Several Lake Bonneville shorelines can be distinctly seen as terraces on the foothills or benches of nearby mountains. Ancient folds of Lake Bonneville shorelines also lie underneath Salt Lake City, amplifying
1638-515: A more urban and suburban pattern, canal water companies were gradually replaced by culinary water systems. Downtown Salt Lake City has been a hub of commerce for the Intermountain West and its architecture reflects this history. Main Street , which was the primary commercial avenue for the city in the late 19th and early 20th centuries, anchors the historic core of the downtown area that begins at
1755-746: A national audience. A decade later, the only imprints that remained in use were Deseret Book and Shadow Mountain. In 2012, the Ensign Peak imprint was created for Latter-day Saint religious writings for a national audience. After acquiring Covenant Communications in 2006, Deseret Book Company did not make it an additional imprint, but continued its independent operations as a publisher alongside Deseret Book Publishing. The Shadow Mountain Records label, owned by Deseret Books, releases music aimed at Latter-day Saint audiences and reflecting Latter-day Saint themes. Releases by Shadow Mountain Records have ranked in top spots on
1872-527: A result, the population of the surrounding metropolitan area greatly outnumbers Salt Lake City. A major concern of recent government officials has been combating inner-city commercial decay. The city lost population from the 1960s through the 1980s, but experienced some recovery in the 1990s. Presently, the city has gained an estimated 5 percent of its population since the year 2000. The city has experienced significant demographic shifts in recent years. Hispanics now account for approximately 22% of residents and
1989-858: A role in the summer months, causing tropospheric ozone to peak in July & August, but in 2015 it started at the beginning of June. In 2016 Salt Lake's air quality was ranked 6th worst in the nation by the American Lung Association. It received an F grade for both ozone and particulate matter. Particulate pollution is considered especially dangerous, as the tiny pollutants can lodge deep in lung tissue. Both ozone and particulate pollution are associated with increased rates of strokes, heart attacks, respiratory disease, cancer and premature death. Outdoor air particulates have been associated with low and very low birth weight, premature birth, congenital defects, and death. Severe drought and water diversions have shrunk
2106-687: A single new Deseret Book Company building was constructed in downtown Salt Lake City at site of the former ZCMI Center Mall . Ownership of Deseret Book was split between the Deseret News (70%) and the Deseret Sunday School Union (30%). However, the Union would manage the bookstore until 1932 when Deseret Book was incorporated for-profit as the "Utah Company". The Deseret News bought out the Sunday School Union in 1948 to become sole owner of
2223-455: A subsidiary undertaking, if: The broader definition of "subsidiary undertaking" is applied to the accounting provisions of the Companies Act 2006, while the definition of "subsidiary" is used for general purposes. In Oceania , the accounting standards defined the circumstances in which one entity controls another. In doing so, they largely abandoned the legal control concepts in favour of
2340-474: A tendency to acquire or trade for these water rights. These can then be traded for culinary water rights to water imported into the valley. At its peak, irrigation in the valley comprised over one hundred distinct canal systems, many originating at the Jordan Narrows at the south end of the valley. Water and water rights were important in the 19th and early 20th centuries. As heavy agricultural usage changed into
2457-443: A total average of 60 inches (152 cm), although measurable snow has fallen as early as September 17 and as late as May 28. The snowiest season was 1951–52, with 117.3 inches (298 cm), while the least snowy season was 16.6 inches (42 cm) in 1933–34. The snowiest month on record was January 1993, in which 50.3 inches (128 cm) were recorded. The nearby Great Salt Lake is a significant contributor to precipitation in
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#17330848119232574-406: Is Main Street; and the east–west axis is South Temple Street. Addresses are coordinates within the system (similar to latitude and longitude ). Odd and even address numbering depends on the quadrant of the grid in which an address is located. The rule is: When traveling away from the grid center (Temple Square) or its axes (Main Street, South Temple Street), odd numbers will be on the left side of
2691-730: Is a for-profit corporation registered in Utah . Deseret Book publishes under four imprints with media ranging from works explaining Latter-day Saint theology and doctrine, fiction, electronic resources, and sound recordings such, as The Tabernacle Choir at Temple Square albums. The Deseret Book Company was created in 1919 from a merger of the Deseret News Bookstore and the Deseret Sunday School Union Bookstore. Both of these Utah bookstores trace their roots to George Q. Cannon , an LDS Church general authority . " Deseret "
2808-997: Is a subsidiary/child company of the ultimate parent company, while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "grandchild" of the main parent company. Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-grandchild" of the main parent company. The ownership structure of the small British specialist company Ford Component Sales, which sells Ford components to specialist car manufacturers and OEM manufacturers, such as Morgan Motor Company and Caterham Cars , illustrates how multiple levels of subsidiaries are used in large corporations: The word "control" and its derivatives (subsidiary and parent) may have different meanings in different contexts. These concepts may have different meanings in various areas of law (e.g. corporate law , competition law , capital markets law ) or in accounting . For example, if Company A purchases shares in Company B, it
2925-522: Is a word from the Book of Mormon that is said to mean "honeybee." George Q. Cannon published the first issue of Juvenile Instructor magazine in 1866. Cannon organized the Deseret Sunday School Union, an LDS Church organization responsible for educating young church members, and the magazine was the first church periodical oriented toward youth. Cannon opened the George Q. Cannon & Sons bookstore in 1867 to sell
3042-552: Is an LDS lifestyle magazine in print and online. Deseret Book Direct sells publications through catalogs, e-mail, and the DeseretBook.com website. From 2000 to 2009 it also operated an auctions website for Latter-day Saint books. Crafts and other handmade items are sold under the name of Mormon Handicraft (a brand purchased from the LDS Church's Relief Society in 1986) and food is sold through The Lion House Pantry brand. It also provides
3159-511: Is home to a significant LGBT community and hosts the annual Utah Pride Festival . It is the industrial banking center of the United States. Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state's flagship research school, the University of Utah . Sustained drought in Utah has strained Salt Lake City's water security , caused
3276-477: Is mediated by its unique geography, generally keeping highs and lows from reaching extremes. The primary source of precipitation in Salt Lake City is massive storms that move in from the Pacific Ocean along the jet stream from October to May. In mid-to-late summer, when the jet stream retreats far to the north, precipitation mainly comes from afternoon thunderstorms caused by monsoon moisture moving up from
3393-399: Is more economically diverse on the west side, which results in demographic differences. Interstate 15 was also built in a north–south line, further dividing east and west sides of the city. Sugar House , in southeastern Salt Lake City, has a reputation as an older neighborhood with small shops in the center. Sugar House is an area which has been the focus of redevelopment efforts such as
3510-436: Is only 22%. Winters are quite cold but rarely frigid. While an average of 127 days drop to or below freezing, and 26 days with high temperatures that fail to rise above freezing, the city only averages 6.3 days at or below 10 °F (−12.2 °C). The record high temperature is 107 °F (42 °C), which occurred first on July 26, 1960, July 13, 2002, June 16, 2021, July 17, 2022, and most recently September 7, 2022, while
3627-497: Is possible that the transaction is not subject to merger control (because Company A had been deemed to already control Company B before the share purchase, under competition law rules), but at the same time Company A may be required to start consolidating Company B into its financial statements under the relevant accounting rules (because it had been treated as a joint venture before the purchase for accounting purposes). Control can be direct (e.g., an ultimate parent company controls
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3744-608: Is the capital and most populous city of the U.S. state of Utah . It is the county seat of Salt Lake County , the most populous county in the state. The city is the core of the Salt Lake City Metropolitan Statistical Area (MSA), which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area ,
3861-438: Is the right place, drive on." Brigham Young is said to have seen the area in a vision before the wagon train's arrival. They found the broad valley empty of any human settlement. Four days after arriving in the Salt Lake Valley, Brigham Young designated the building site for the Salt Lake Temple. The Salt Lake Temple, constructed on the block later called Temple Square, took 40 years to complete. Construction started in 1853, and
3978-544: The Billboard charts , including violinist Jenny Oaks Baker , and pianist Josh Wright. The following artists have released albums on Shadow Mountain Records: Deseret Book operates further business units in addition to its publishing and retail activities. Under the name Zion's Mercantile it produces home decor and religious art and holds events such as women's conferences in the United States and Canada. LDS Living
4095-602: The American Old West . The first group of settlers brought African slaves with them, making Utah the only place in the western United States to have African slavery. Three slaves, Green Flake, Hark Lay, and Oscar Crosby, came west with the first group of settlers in 1847. The settlers also began to purchase Indian slaves in the well-established Indian slave trade, as well as enslaving Indian prisoners of war. In 1850, 26 slaves were counted in Salt Lake County. In 1852,
4212-462: The Great Basin (the other being Reno, Nevada ). Salt Lake City was founded on July 24, 1847, by early pioneer settlers led by Brigham Young who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers , as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed
4329-508: The Gulf of California . Although rainfall can be heavy, these storms are usually scattered in coverage and rarely severe. However, downtown was hit by an F2 tornado on August 11, 1999, killing 1 person, injuring 60, and causing $ 170 million in damage. The remnants of tropical cyclones from the East Pacific can rarely reach the city during Fall. The remnants of Hurricane Olivia helped bring
4446-764: The Hotel Newhouse , and the Salt Lake Theatre . After a period of stagnation in the era of urban sprawl , and with the construction of TRAX in the late 1990s and the City Creek Center in the early 2010s, downtown Salt Lake City is experiencing a period of revival. Empty lots and older structures are in the process of being redeveloped into apartment and office towers and the city has begun to close Main Street to automobile traffic on summer weekends to encourage pedestrian activity and business. More than 5,000 new residential units are planned or under construction for
4563-464: The James Bond franchise. Conversely, the parent may be larger than some or all of its subsidiaries (if it has more than one), as the relationship is defined by control of ownership shares, not the number of employees. The parent and the subsidiary do not necessarily have to operate in the same locations or operate the same businesses. Not only is it possible that they could conceivably be competitors in
4680-610: The Jordan River and the Great Salt Lake, and the highest is Grandview Peak , at 9,410 feet (2,868 m). The city is in the northeast corner of the Salt Lake Valley surrounded by the Great Salt Lake to the northwest, the steep Wasatch Range to the east, and Oquirrh Mountains to the west. Its encircling mountains contain several narrow canyons, including City Creek , Emigration , Millcreek , and Parley's which border
4797-796: The Salt Lake Temple and concludes at the City and County Building . Halfway between those two structures, the Walker Center , at the corner of Main and 200 South, was built in 1912 and was the tallest building between Chicago and San Francisco upon its completion. Other extant pre-war structures include the Kearns Building , Hotel Monaco , the First Security Building, the Joseph Smith Memorial Building (formerly Hotel Utah),
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4914-591: The UTA S-Line Streetcar . In late 2015 there were approximately 900 apartment units either recently built or under construction in the Sugar House area, with an additional 492 units proposed. Northeast of Downtown is The Avenues, a neighborhood outside of the regular grid system on smaller blocks. The area between 6th Avenue to South Temple Street is a Historical District that is nearly entirely residential, and contains many historical Victorian era homes. Recently
5031-472: The University of Utah , commercial precincts, and the Wasatch foothills. The western neighborhoods of the city, such as Poplar Grove , Rose Park , and Glendale tend to be more working-class and ethnically diverse and are popular with immigrants and young people. This divide is a result of the railroad being built in the western half as well as panoramic views from inclined ground in the eastern portion. Housing
5148-613: The Utah State Capitol and Democratic lawmakers have introduced legislation in the Utah State Legislature to make public transportation free during January and July, when air quality is usually at its worst. The population of the Salt Lake City metropolitan area is projected to double by 2040, putting further pressure on the region's air quality. The Great Salt Lake is separated from Salt Lake City by extensive marshlands and mudflats. The metabolic activities of bacteria in
5265-451: The liquefaction of the clay- and sand-based soil and the possible permanent flooding of portions of the city by the Great Salt Lake. On March 18, 2020, a 5.7 magnitude earthquake , the largest in the Salt Lake City area in modern times, hit Magna , just southwest of Salt Lake City, causing some minor damage throughout the valley. Damage in Salt Lake City was especially evident in historic brick homes— unreinforced masonry buildings —such as
5382-557: The territorial prison in Sugar House in the 1880s for violation of anti-polygamy laws. The church began its eventual abandonment of polygamy in 1890, releasing "The Manifesto" , which officially suggested members obey the law of the land (which was equivalent to forbidding new polygamous marriages inside the US and its territories, but not in church member settlements in Canada and Mexico). This paved
5499-629: The 1892 Sears mansion which required demolition after the earthquake. The Warm Springs Fault and the East Bench Fault, offshoots of the Wasatch Fault, were found in 2021 to connect underneath Salt Lake City, increasing the risk of major metropolitan damage from an earthquake. Prior to this, in 1997 the Salt Lake Tribune published a front-page exposé about how the construction of the downtown Salt Palace convention center had been hastened by
5616-618: The 1970s, the original location was torn down to make way for the ZCMI Center Mall where the store reopened on April 2, 1976, during a general conference to attract large crowds. Several more mall locations opened in the 1970s; in Northridge, California , Boise, Idaho , and many more locations in Utah. In 1997, Deseret Book opened its first Washington state location in the city of Bellevue. By 2004, Deseret Book operated over 33 stores in 9 western US states . Expanding its reach in eastern Idaho,
5733-419: The 1970s. Salt Lake City has a humid continental climate ( Dsa ), while western parts may experience a Mediterranean climate ( Csa ), as summers are dry and hot and winters are cold and wet, but rarely frigid. Late summer and early fall monsoonal activity can keep precipitation fairly consistent throughout the year aside from early to mid summer when rain is minimal. The temperature of the Salt Lake City area
5850-646: The Avenues is becoming known for restaurants and shops opening in old retail space mixed within the community. The Avenues are situated on the upward-sloping bench in the foothills of the Wasatch Range, with the earlier built homes in the lower elevation. The Avenues, along with Federal Heights , just to the east and north of the University of Utah , and the Foothill area, south of the university, contain gated communities, large, multimillion-dollar houses, and panoramic views of
5967-535: The Bible was the first geared toward Latter-day Saints. A comparably styled "triple combination" was introduced in 1981. With notes from the Joseph Smith Translation , Talmage's scripture commentary, and an index and "topical guide", the new editions are now standard in the LDS Church. Typesetting for the volumes was done by Cambridge University Press . Deseret Book began publishing Latter-day Saint fiction for
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#17330848119236084-755: The Boston and Newhouse Buildings, the Utah State Capitol , and the Clift Building . Salt Lake City has two historic passenger rail depots, the Denver and Rio Grande Western Depot and the Union Pacific Depot , the latter of which now anchors the Gateway district. Salt Lake City lost many significant structures to forces such as urban renewal in the 20th century, including the Dooly Building , designed by Louis Sullivan ,
6201-615: The Confederate States of America, marched through the city and found it had been evacuated. They continued their march through the deserted city to vacant land at the southwest corner of the valley. There they set up Camp Floyd (40 miles (64 km) south of the city). Another military installation, Fort Douglas , was established in 1862 to maintain Union allegiance during the American Civil War . Many area leaders were incarcerated at
6318-436: The Great Salt Lake by two-thirds and reduced it to its lowest recorded levels, resulting in hundreds of square miles of dry lake bed and exposing millions of people living in the fast-growing metropolitan region to dust storms laced with arsenic and other toxic chemicals. Around 65% of the diverted water goes to agriculture, but demand for water is soaring as Utah's population grows. Subsidiary The subsidiary can be
6435-404: The Great Salt Lake level to drop to record low levels, and has impacted the local and state economy. The receding lake has exposed arsenic which may become airborne, exposing area residents to poisonous dust. The city is also under threat of major earthquake damage amplified by two offshoots of the nearby Wasatch Fault that join underneath the downtown area. Before settlement by members of
6552-498: The LDS Church's First Presidency authorized its use in its Sunday School program. Meanwhile, the Deseret Sunday School Union, still publishing the money-losing Juvenile Instructor , struggled to maintain its distribution center, the Deseret Sunday School Union Bookstore. Aimed at church supply, the bookstore sold textbooks , minutes ledgers, and sacrament trays, as well as popular books. Beginning in 1891,
6669-607: The LDS Church, the Shoshone , Weber Ute, and Paiute had dwelt in the Salt Lake Valley for thousands of years. At the time of Salt Lake City's founding, the valley was within the territory of the Northwestern Shoshone . One local Shoshone tribe, the Western Goshute tribe, had names for the Jordan River , City Creek , and Red Butte Canyon (Pi'o-gwût, So'ho-gwût, and Mo'ni-wai-ni). The Goshutes (or, Gosiutes) also lived in
6786-529: The LDS Church-owned newspaper, the Deseret News . Five of Cannon's sons held important positions in the paper, and Cannon himself was editor between 1867 and 1872, and again while temporarily owning the paper from 1892 to 1898. Nearly every George Q. Cannon & Sons book was printed on the Deseret News press. Cannon sold the bookstore to the LDS Church in 1900, near the end of his life. The church combined
6903-465: The LDS Church. Becoming a film distribution and rental outfit, the Deseret Book "Censorship Committee on Films" was established in 1946 because regular employees were unable to review all the films it handled. By 1950, 18 members sat on the committee. Preceding modern Latter-day Saint cinema by over 50 years, Deseret Book founded Deseret Film Productions in 1947. The first film, produced by Frank Wise,
7020-585: The Latter-day Saints in July 1847, during the Mexican-American War . They had traveled beyond the boundaries of the United States into Mexican Territory seeking a secluded area to safely practice their religion away from the violence and the persecution they experienced in the United States . Upon arrival at the Salt Lake Valley, president of the church Brigham Young is recorded as stating, "This
7137-581: The Olympic games, but business did not pick up immediately following. On July 24, 2024, Salt Lake City was formally chosen by the International Olympic Committee (IOC) to host the 2034 Olympic Winter Games. All of the facilities from the previous Games can be re-used, and the bid enjoyed support from the IOC and the city. Salt Lake City hosted the 16th Winter Deaflympic games in 2007, taking place in
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#17330848119237254-551: The President of the United States to appoint a surveyor general for Utah Territory, and to cause that the lands of that territory should be surveyed preparatory to bringing them on the market. Because of numerous conflicts between the surveyor and the territorial government the first surveyor general abandoned his post in 1857, not to return till 1869. The pioneers organized a state called State of Deseret , and petitioned for its recognition in 1849. The United States Congress rebuffed
7371-457: The Wasatch Range. The second-highest mountain range is the Oquirrhs, reaching a maximum height of 10,620 feet (3,237 m) at Flat Top. The east–west-oriented Traverse Mountains to the south extend to 6,000' (1830m), nearly connecting the Wasatch and Oquirrh Mountains. The mountains near Salt Lake City are easily visible from the city and have sharp vertical relief caused by ancient earthquakes, with
7488-529: The bookstore, but both the Deseret News and Deseret Book are now subsidiaries of DMC, which manages for-profit assets of the LDS Church. Deseret News Press printed nearly all Deseret Book publications until the 1960s when the company began seeking other competitive bids. Through the 1930s, the bookstore focused mostly on Sunday school needs such as lesson manuals. Though the bookstore introduced relatively few new authors, several important works were published in this period. Notably, B. H. Roberts ' magnum opus ,
7605-601: The bulb of the native sego lily , which has long been part of the ordinary diet of the Shoshone, sego being derived from the Shoshone word seego . The sego lily was commemorated by the Sego Lily Dam, a flood-prevention infrastructure project in the shape of a giant sego lily, built in Sugar House Park in 2017. The city was not platted until after the federal surveyor abandoned his post in 1857. In 1855 Congress directed
7722-512: The chain also purchased Beehive Book Stores, located in Rexburg, Idaho Falls, and Blackfoot, Idaho. Deseret Book already operated in Idaho Falls at the Grand Teton Mall and in Rexburg. The new store in Rexburg has expanded merchandise selection from the prior two stores. In the late 1970s, Deseret Book coordinated publication of new editions of the King James Version of the Bible and the Book of Mormon / Doctrine and Covenants / Pearl of Great Price "Triple combination". The 1979 publication of
7839-408: The city has a significant LGBT community. There is also a large Pacific Islander population (mainly Samoans and Tongans ); they compose roughly 2% of the population of the Salt Lake Valley area. Salt Lake City was selected in 1995 to host the 2002 Winter Olympics. The games were plagued with controversy. A bid scandal surfaced in 1998 alleging bribes had been offered to secure the bid. During
7956-408: The city when UTA's TRAX opened in 1999. The S Line (formerly known as Sugar House Streetcar) opened for service in December 2013 on an old D&RGW right-of-way. The city's population began to stagnate during the 20th century as population growth shifted to suburban areas north and south of the city. Few of these areas were annexed to the city, while nearby towns incorporated and expanded. As
8073-411: The city. The city also has a belt route , I-215. Salt Lake City has developed a strong tourist industry based primarily on skiing , outdoor recreation , and religious tourism . It hosted the 2002 Winter Olympics and will host the 2034 Winter Olympics . It is known for its politically liberal culture, which stands in contrast with most of the rest of the state's highly conservative leanings. It
8190-613: The city. The lake effect can enhance rain from summer thunderstorms and produces lake-effect snow approximately 6 to 8 times per year, some of which can produce prodigious snowfall amounts. It is estimated about 10% of the annual precipitation in the city can be attributed to the lake effect. Salt Lake City features large variations in temperatures between seasons. During summer, there are an average of 56 days per year with temperatures of at least 90 °F (32.2 °C), 23 days of at least 95 °F (35 °C), and 9 days of 100 °F (37.8 °C). However, average daytime July humidity
8307-797: The company's published work, which reportedly accounted for most of its sales. Deseret Book later opted to renegotiate its distribution contract with Seagull. On December 28, 2006, it was announced that Deseret Book was buying both Seagull Book & Tape and the publisher Covenant Communications, from Lewis Kofford. Company officials said they intended to continue running all three businesses as separate entities. After Deseret Book acquired Bookcraft in 1999, it divided its publishing into four differently marketed imprints: Deseret Book for history and doctrine; Bookcraft for self-help, family, children, women's interests, and Latter-day Saint fiction; Eagle Gate for art, niche markets, library editions, and teaching aides; and Shadow Mountain for "values-based" publications for
8424-490: The county geologist who erased the Warm Springs Fault from earthquake maps of Salt Lake City so that the downtown area appeared to be free of faults, enabling the convention center developers to avoid the time and expense of an earthquake hazard and risk assessment. The newspaper showed that the Warm Springs Fault runs north–south along W. Temple, directly adjacent to Temple Square and the convention center. A year later,
8541-422: The danger of earthquakes. Salt Lake City is subject to earthquakes from active fault lines running through it. These faults are related to the regional Wasatch Fault which runs north–south along the western base of the Wasatch Range and is considered at high risk of producing an earthquake as large as 7.5 magnitude . Catastrophic damage is predicted in the event of an earthquake with major damage resulting from
8658-497: The downtown area as of April 2021 and many new breweries and restaurants have opened in the last decade. Regent Street, which in the early 20th century was the city's red-light district , has recently been redeveloped with the notable additions of the 2,468-seat Eccles Theater and 111 Main, an adjacent 24-story office building. A distinctive feature of Salt Lake City's cityscape is its very large block sizes, which are 660 feet square and separated by streets 132 feet wide, making them
8775-513: The eastern city limits. The burgeoning population of Salt Lake City and the surrounding metropolitan area, combined with its geographical situation, has led to air quality becoming a concern. The Great Basin is subject to strong temperature inversions during the winter, which trap pollutants and decrease the air quality. The Utah Division of Air Quality monitors air quality and issues alerts for voluntary and mandatory actions when pollution exceeds federal safety standards. Protests have been held at
8892-521: The first motion pictures of the church's conferences. In the 1950s, Brigham Young University (BYU) established a motion picture department which attracted Frank Wise. Deseret Film Productions was gradually disbanded. Soon, KSL-TV began covering general conferences. Deseret Book's downtown location remained the only store until 1959 when site for an Ogden, Utah branch was donated. Stores in Orange, California and Salt Lake County opened in malls in 1962. In
9009-500: The first time in 1979. In 1986, it purchased Mormon Handicraft–a handmade crafts store–from the Relief Society . As inventory and distribution was centralized in 1984, Deseret Book expanded its lines to include items such as CTR rings and more popular music. In 2002, Sheri L. Dew became the first female CEO and president of Deseret Book. Deseret Book established new corporate offices and downtown Salt Lake City retail space during
9126-453: The first-tier subsidiary directly) or indirect (e.g., an ultimate parent company controls second and lower tiers of subsidiaries indirectly, through first-tier subsidiaries). Recital 31 of Directive 2013/34/EU stipulates that control should be based on holding a majority of voting rights, but control may also exist where there are agreements with fellow shareholders or members. In certain circumstances, control may be effectively exercised where
9243-507: The games, other scandals erupted over contested judging scores and illegal drug use. Despite the controversies, the games were heralded as a financial success, being one of the few in recent history to turn a profit. In preparation major construction projects were initiated. Local freeways were expanded and repaired, and a light rail system was constructed. Olympic venues are now used for local, national, and international sporting events and Olympic athlete training. Tourism has increased since
9360-413: The lake result in a phenomenon known as "lake stink", a scent reminiscent of foul poultry eggs, two to three times per year for a few hours. The Jordan River flows through the city and is a drainage of Utah Lake that empties into the Great Salt Lake. The highest mountaintop visible from Salt Lake City is Twin Peaks , which reaches 11,330 feet (3,450 m). Twin Peaks is southeast of Salt Lake City in
9477-516: The largest in the United States. This and the resulting development patterns gives the city and its buildings a unique sense of scale but also a distinct challenge to urban walkability , with many streets boasting six lanes for automobile traffic. On the other hand, the extra-wide streets have made the addition of dedicated transit lanes and light rail more feasible and many streets are now being redesigned with features such as protected bike lanes, linear parks, and even spaces for urban development within
9594-425: The late 19th and early 20th centuries, an extensive streetcar system was constructed throughout the city, with the first streetcar running in 1872 and electrification of the system in 1889. As in the rest of the country, the automobile usurped the streetcar, and the last trolley was approved for conversion in 1941, yet ran until 1945, due to World War II . Trolley buses ran until 1946. Light rail transit returned to
9711-570: The magazine and other publications of an uplifting nature. Cannon believed that secular novels did not reflect Latter-day Saint values. In the 1880s, Cannon expanded with a branch in Ogden, Utah . It is not known how many books Cannon & Sons actually published itself. In that era, authors commonly self-published their books, which were then distributed by others. However, Cannon & Sons distributed several important books through their stores and mail order (see table). The company had extensive ties to
9828-555: The marketplace, but such arrangements happen frequently at the end of a hostile takeover or voluntary merger. Also, because a parent company and a subsidiary are separate entities, it is entirely possible for one of them to be involved in legal proceedings, bankruptcy, tax delinquency, indictment or under investigation while the other is not. In descriptions of larger corporate structures, the terms "first-tier subsidiary", "second-tier subsidiary", "third-tier subsidiary", etc. describe multiple levels of subsidiaries. A first-tier subsidiary
9945-535: The medians. The city also encourages new projects to incorporate mid-block walkways and other scale-mitigation strategies into planning to promote pedestrian engagement. Salt Lake City has many distinct neighborhoods. There is a general east–west socioeconomic divide. The eastern neighborhoods of the city, such as the Avenues , 9th & 9th , Yalecrest , Federal Heights , and Sugar House tend to be more affluent. These districts are popular with professionals, families, and students due to their proximity to Downtown,
10062-512: The menu from a high-society ball. Disputes with the federal government ensued over the church's practice of polygamy . A climax occurred in 1857 when President James Buchanan declared the area in rebellion after Brigham Young refused to step down as governor, beginning the Utah War . A division of the United States Army , commanded by Albert Sidney Johnston , later a general in the army of
10179-578: The nearby Utah Valley (the 1776 Dominguez-Escalante expedition were undoubtedly aware of Salt Lake Valley's existence). U.S. Army officer John C. Frémont surveyed the Great Salt Lake and the Salt Lake Valley in 1843 and 1845. The Donner Party , a group of ill-fated pioneers, had traveled through the Great Salt Lake Valley in August 1846. The settling of Salt Lake City dates to the arrival of
10296-493: The non-profit Union asked for yearly five-cent contributions from Sunday school pupils on "Nickel Sunday." Facing over $ 12,000 in debt in 1914, donations requested increased to ten cents, and 1919 a committee formed to study the organizations solvency. Led by Talmage, the committee recommended consolidation of the Sunday School Bookstore with the Deseret News Bookstore. By 1920, both antecedent bookstores were closed and
10413-479: The other "subsidiary undertaking". According to s.1159 of the Act, a company is a "subsidiary" of another company, its "holding company", if that other company: The second definition is broader. According to s.1162 of the Companies Act 2006, an undertaking is a parent undertaking in relation to another undertaking, a subsidiary undertaking, if: An undertaking is also a parent undertaking in relation to another undertaking,
10530-468: The parent holds a minority or none of the shares in the subsidiary. According to Article 22 of the directive 2013/34/EU an undertaking is a parent if it: Additionally, control may arise when: Under the international accounting standards adopted by the EU a company is deemed to control another company only if it has all the following: A subsidiary can have only one parent; otherwise, the subsidiary is, in fact,
10647-464: The population and foster future growth. Salt Lake City's street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian . Owing to its proximity to the Great Salt Lake , the city was originally named Great Salt Lake City. In 1868, the word "Great"
10764-430: The purposes of taxation , regulation and liability . For this reason, they differ from divisions which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. In other words, a subsidiary can sue and be sued separately from its parent and its obligations will not normally be the obligations of its parent. However, creditors of an insolvent subsidiary may be able to obtain
10881-418: The record low is −30 °F (−34 °C), which occurred on February 9, 1933. During mid-winter, strong areas of high pressure often stagnate over the Great Basin , leading to strong temperature inversions . This causes air stagnation and thick smog in the valley from several days to weeks at a time and can result in the nation's worst air-pollution levels. This same effect will also occasionally play
10998-626: The record monthly precipitation of 7.04 inches (179 mm) in September 1982. 1983 was the wettest year on record, with 24.26 inches (616 mm), while 1979 was the driest, when 8.70 inches (221 mm) were recorded. Spring snowmelt from the surrounding mountains can cause localized stream flooding during late spring and early summer, the worst examples being in 1952 and especially 1983, when City Creek burst its banks, forcing city engineers to convert several downtown streets into waterways. Snow falls on average from November 6 to April 18, producing
11115-647: The redevelopment of the Crossroads Plaza Mall into City Creek Center . In 2007, the corporate headquarters, with around 160 employees, moved into the top seven floors of the Utah Woolen Mills Clothiers building across the street from Temple Square. In April 2010 Deseret Book opened its "Flagship" store in the City Creek Center. This new store sits almost exactly on the same location as the first Deseret Book Location. In early 1999, Bookcraft
11232-573: The rest of the city. Smith's Plat of Zion specified the city was to be developed into 135 10-acre (4.0 ha) lots. However, the blocks in Salt Lake City became irregular during the late 19th century when the Church of Jesus Christ of Latter-day Saints lost authority over growth and before the adoption of zoning ordinances in the 1920s. The original 10-acre (4.0 ha) blocks allowed for large garden plots, and many were supplied with irrigation water from ditches that ran approximately where modern curbs and gutters would be laid. The original water supply
11349-405: The separate Excel headquarters in Salt Lake City. In July 2006, Deseret Book threatened to discontinue sales with another Latter-day Saint bookstore chain, Seagull Book & Tape , citing marketing differences. Seagull claimed that their discounted prices on Deseret Book's products was the reason for the threat. Seagull Book & Tape competed with Deseret Book's retail operation, but depended on
11466-475: The settlers in 1850 and established the Utah Territory , vastly reducing its size, and designated Fillmore as its capital city. Great Salt Lake City replaced Fillmore as the territorial capital in 1856, and the name later was shortened to Salt Lake City. The city's population continued to swell with an influx of converts to the LDS Church and Gold Rush gold seekers, making it one of the most populous cities in
11583-477: The six-volume Comprehensive History of the Church of Jesus Christ of Latter-day Saints , 1930. Deseret Book did not accept manuscripts for publication until the 1940s when the company made a push for new authors. Deseret Book expanded into motion picture equipment and photographic supplies in the 1940s. Winning an exclusive contract to distribute for Bell & Howell in Utah and parts of Idaho and Wyoming , Deseret Book supplied 16 mm film projectors to
11700-451: The source of the unusual width. These wide streets and grid pattern are typical of other Mormon towns of the pioneer era throughout the West. Though the nomenclature may initially confuse new arrivals and visitors, most consider the grid system an aid to navigation. Some streets have names, such as State Street, which would otherwise be known as 100 East. Other streets have honorary names, such as
11817-583: The street. A common explanation for the unusually wide streets of Salt Lake City is that Brigham Young wanted a wagon with a team of oxen to be able to turn around. However, Young was never recorded giving this directive. Joseph Smith, founder of the Latter Day Saint movement, planned the layout in the " Plat of the City of Zion " (intended as a template for Mormon towns wherever they might be built). This plan included streets 132 ft (40 m) wide, and may be
11934-460: The subsidiary, and so exercise control. This gives rise to the common presumption that 50% plus one share is enough to create a subsidiary. There are, however, other ways that control can come about, and the exact rules both as to what control is needed, and how it is achieved, can be complex (see below). A subsidiary may itself have subsidiaries, and these, in turn, may have subsidiaries of their own. A parent and all its subsidiaries together are called
12051-537: The summer of 2007, 9th and 9th saw sidewalk and street improvements as well as an art installation by Troy Pillow of Seattle, Washington inspired by the 9 Muses of Greek myth, thanks in part to a monetary grant from Salt Lake City. Many of the homes in the valley date from pre–World War II times, and only a select few areas, such as Federal Heights and the East Bench, as well as the far west side, including parts of Rose Park and Glendale, have seen new home construction since
12168-412: The temple was dedicated on April 6, 1893. The temple has become an icon for the city and serves as its centerpiece. The southeast corner of Temple Square is the point of reference for the Salt Lake meridian , and for all addresses in the Salt Lake Valley. During the winter of 1847, an outbreak of measles killed many of the Shoshone in the area. The Shoshone saved the pioneers when they taught them to eat
12285-581: The territorial legislature passed the Act in Relation to Service and the Act for the relief of Indian Slaves and Prisoners formally legalizing slavery in the territory. On June 19, 1862, during the American Civil War , Congress prohibited slavery in all US territories. Explorer, ethnologist, and author Richard Francis Burton traveled by coach in the summer of 1860 to document life in Great Salt Lake City. He
12402-567: The texts of many of its books online with paid subscriptions at GospeLink.com. In 2009, selected Deseret Book locations partnered with the LDS Church's Distribution Center and began selling official church items, such as temple garments , which had originally been available only in church distribution centers. That working relationship has expanded and now half of Deseret Book's 39 stores have been "integrated" and are half Deseret Book and half Distribution Centers. Salt Lake City, Utah Salt Lake City , often shortened to Salt Lake or SLC ,
12519-465: The two businesses, and the remaining Salt Lake City bookstore became Deseret News Bookstore. By 1906, Deseret News press had a Linotype machine and dedicated book press . Many significant volumes were published and distributed through the Deseret News Bookstore. Of these, the most successful was James E. Talmage 's Jesus the Christ . Published in 1915, the book quickly went through numerous printings as
12636-594: The valley. Many consider this some of the most desirable real estate in the valley. In addition to larger centers like Sugar House and Downtown, Salt Lake City contains several smaller neighborhoods, each named after the closest major intersection. Two examples are the 9th and 9th (at the intersection of 900 East and 900 South Streets) and 15th & 15th (at the intersection of 1500 East and 1500 South Streets) neighborhoods. These areas are home to foot-traffic friendly, amenities-based businesses such as art galleries, clothing retail, salons, restaurants and coffee shops. During
12753-423: The venues in Salt Lake City and Park City , and Rotary International chose the city as the host site of their 2007 convention, which was the single largest gathering in Salt Lake City since the 2002 Winter Olympics. The U.S. Volleyball Association convention in 2005 drew 39,500 attendees. In 2020, the city experienced a 5.7 magnitude earthquake , protests against the killing of Bernardo Palacios-Carbajal , and
12870-527: The vicinity of Salt Lake and the valleys to the west. The land was treated by the United States as public domain; no aboriginal title by the Northwestern Shoshone was ever ceded or relinquished by treaty with the United States. The first explorer of European descent in the Salt Lake area was likely Jim Bridger in 1825, although others had been in Utah earlier, including some who traveled as far north as
12987-564: The way for statehood in 1896, when Salt Lake City became the state capital. The First Transcontinental Railroad was completed in 1869 at Promontory Summit on the north side of the Great Salt Lake. A railroad was connected to the city from the Transcontinental Railroad in 1870, making travel less burdensome. Mass migration of different groups followed. Ethnic Chinese (who had laid most of the Central Pacific railway) established
13104-592: The western portion of 300 South, named "Adam Galvez Street" (for a local Marine corporal killed in action) or others honoring Rosa Parks , Martin Luther King Jr. , César Chávez , Harvey Milk , and John Stockton . These honorary names appear only on street signs and cannot be used in postal addresses. In the Avenues neighborhood , north–south streets are given letters of the alphabet, and east–west streets are numbered in 2.5-acre (1.0 ha) blocks, smaller than those in
13221-449: Was Where the Saints have Trod , an 80-minute film celebrating the 100-year anniversary of Mormon pioneers entering the Salt Lake Valley. Wise subsequently produced Temple Square , a 30-minute filmed tour of Salt Lake City's most popular tourist location . Deseret Film recorded over 120 general conference talks over a six-year period. Intended for rental to wards , the conference talks are
13338-615: Was acquired by Deseret Book. This allowed them to expand in the larger "values-oriented" publishing market. The merger also brought more writings by general authorities under the church's ownership, allowing for electronic and print collaborations with other DMC entities (the Deseret News, and Bonneville International ) and church entities (such as BYU and the Church Educational System ). On November 15, 2004, Deseret Book announced that it had acquired Excel Entertainment Group,
13455-513: Was dropped from the city's name. Immigration of international members of the Church of Jesus Christ of Latter-day Saints (LDS Church), mining booms , and the construction of the first transcontinental railroad brought economic growth, and the city was nicknamed "The Crossroads of the West". It was traversed by the Lincoln Highway , the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80 , now intersect in
13572-528: Was from City Creek . Subsequent development of water resources was from successively more southern streams flowing from the mountains east of the city. Some old irrigation ditches are still visible in the eastern suburbs, or are still marked on maps, years after they were gone. There are still some canals that deliver water as required by water rights. Many lots, in Salt Lake City and surrounding areas, have irrigation water rights attached to them. Local water systems, in particular Salt Lake City Public Utilities, have
13689-467: Was granted unprecedented access during his three-week visit, including audiences with Brigham Young and other contemporaries of Joseph Smith. The records of his visit include sketches of early city buildings, a description of local geography and agriculture, commentary on its politics and social order, essays, speeches, and sermons from Young, Isaac Morley, George Washington Bradley and other leaders, and snippets of everyday life such as newspaper clippings and
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