The This is the Place Monument is a historical monument at the This is the Place Heritage Park, located on the east side of Salt Lake City, Utah, at the mouth of Emigration Canyon. It is named in honor of Brigham Young's famous statement in 1847 that the Latter-day Saint pioneers should settle in the Salt Lake Valley. Mahonri M. Young, a grandson of Brigham Young, sculpted the monument between 1939 and 1947 at Weir Farm in Connecticut. Young was awarded $50,000 to build the monument in 1939 and he was assisted by Spero Anargyros. It stands as a monument to the Mormon pioneers as well as the explorers and settlers of the American West. It was dedicated by LDS Church President George Albert Smith on 24 July 1947, the hundredth anniversary of the pioneers entering the Salt Lake Valley. It replaced a much smaller monument located nearby.