Economy & Business
4:19 pm
Thu May 22, 2014

Two Historic Buildings Downtown To Be Renovated

Mayor Bill Peduto announces the restoration of the Skinny Building and the Roberts Jewelers Building downtown.
Credit Irina Zhorov / 90.5 WESA

Two more historic buildings in Pittsburgh’s downtown are set to be restored to their original grandeur.

Mayor Bill Peduto announced the restoration of the so-called Skinny Building and the Roberts Jewelers building, both on Wood Street and Forbes Avenue.

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10:14 am
Thu May 16, 2013

City Pursues $20M Grant to Lay Green Groundwork for Civic Arena Redevelopment

The demolition of the Civic Arena wrapped up in March of 2012, and a broad stretch of parking spaces now occupies the space where the Igloo once stood.

Now, the gears of redevelopment could soon begin to turn for the 27-acre site in the lower Hill District, as Pittsburgh City Council is moving legislation to apply for a $20 million federal grant for the project.

On Wednesday, Council unanimously approved the legislation necessary to apply for the so-called TIGER grant, readying Hill District Councilman Daniel Lavelle's bills for final passage on Tuesday.

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New Market Tax Credits
2:41 pm
Fri April 26, 2013

Tax Credits Could Spark Economic Development in Pittsburgh

Pittsburgh Urban Initiatives (PUI) has been awarded $35 million in tax credits by the U.S. Department of the Treasury to help spur investments in the city’s low-income communities.

The New Markets Tax Credit Program began in 2000 and allows individual corporations and investors to receive a credit against their federal income tax in exchange for making equity investments in Community Development Entities such as the PUI.

Investors can then receive 39 percent of their total investment in credits over seven years.

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2:02 pm
Mon March 18, 2013

Colteryahn Dairy at Center of Brownsville Road Redevelopment

A mural on the side of Carrick's historic Colteryahn Dairy
Credit Noah Brode / 90.5 WESA

Pittsburgh officials gathered outside Colteryahn Dairy in Carrick on Monday to announce a $50,000 study of redevelopment options for the 1600 block of Brownsville Road.

The four- to six-month study of the so-called "Dairy District" by Desmone Architects is meant to attract private investment, said Stephen Glassman, president of the Design Center, which is funding the research along with the city and the Urban Redevelopment Authority.  

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