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

Tax credits for affordable housing, waterfront developments coming to Pittsburgh

With the passage of a new revenue plan for FY 2016-2017, a number of tax credits have been awarded for housing and waterfront developments across the Pittsburgh region and the state. 

Sen. Randy Vulakovich (R-Allegheny/Shaler) announced a waterfront tax credit based off of his SB 282, which encourages private investment in properties that create public access to waterfronts through a tax credit, was included as part of the revenue package signed into law Wednesday evening. 

“The Waterfront Development Tax Credit will be a tremendous help in the future development of waterfronts across the Commonwealth,” said the senator. “The City of Pittsburgh has been revitalizing our waterfront where it has become the envy of other cities with riverfronts.” 
Friday, July 15, 2016/Author: Alanna Koll
Categories: Pittsburgh
2016 priorities: Senate Republican caucus

2016 priorities: Senate Republican caucus

Continuing our vignettes on 2016 legislative priorities, this feature spotlights Senate Republicans, a caucus looking at 2016 as a way to get many of their 2015 priorities across the finish line while trying to find governmental efficiencies and opportunities to create jobs in Pennsylvania.

“Many of the priorities that were priorities at the beginning of 2015 continue to be at the top of the list,” said caucus spokesperson Jenn Kocher.

At the top of that list is public pension reform legislation.

Thursday, January 14, 2016/Author: Jason Gottesman
Categories: News and Views
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