Pittsburgh URA approves Civic Arena deal changes in 3-2 vote

Pittsburgh URA approves Civic Arena deal changes in 3-2 vote

A deal to rework the Civic Arena agreement between the city of Pittsburgh and the Pittsburgh Penguins was confirmed with three changes by the Urban Redevelopment Authority Wednesday afternoon, with one vote to spare. 

In a 3-2 decision, the board of the URA passed the deal, reached last week, to remove a $15 million option payment to the Penguins that created an incentive for the National Hockey League team to a sit on the 28 barren acres that connect the Hill District and Downtown. 

Wednesday, November 15, 2017/Author: Stephen Caruso
Categories: Pittsburgh
Six days after lunch meeting, City, Penguins announce Civic Arena site deal

Six days after lunch meeting, City, Penguins announce Civic Arena site deal

The City of Pittsburgh and Pittsburgh Penguins have a tentative deal over the development of the team’s former home, albeit 120 hours later than Mayor Bill Peduto’s prediction. 

As part of the deal to hurry along the oft-delayed development of the 28 acre site connecting the Hill District with Downtown, the Penguins will give up an option that awarded the team the difference between the property value and a $15 million payment. 

That payment from the city’s coffers to the Penguins was a sticking point for Peduto, and it’s removal encourages the mayor about future development. 

Monday, November 6, 2017/Author: Stephen Caruso
Categories: Pittsburgh
Peduto, Penguins closer to resolution of former Civic Arena site

Peduto, Penguins closer to resolution of former Civic Arena site

Over a lunch of Italian sandwiches Tuesday afternoon, Pittsburgh Mayor Bill Peduto drew more concessions from the Pittsburgh Penguins over the Civic Arena site then had been drawn in the past decade.

“I think we’ll be able to get through this now in 24 hours,” Peduto said of a process that has befuddled the city and residents alike since 2007.
Tuesday, October 31, 2017/Author: Stephen Caruso
Categories: Pittsburgh
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