As the City Council representative for District 6, one of the many hats that I wear is that of board member of the Urban Redevelopment Authority. I am happy to report on various initiatives and actions taken by the URA at our monthly board meeting from Thursday, March 14, that are certain to spur economic development in District 6.
Authorization has been given for the URA to apply for a $4 million RACP grant to support the development of the Gardens at Market Square. The project consists of office and retail space, a 198 room hotel, and a parking garage with 340 spaces. It is expected to generate in excess of $2.1 million in one time additional tax revenue, as well as in excess of $4.3 million in additional annual tax revenue to state and local taxing authorities. Add in the 569 jobs expected to be generated during construction plus the 749 full-time permanent jobs upon project completion, and you have an exciting development that is sure to give an economic boost to the district and Pittsburgh as a whole.
One of the more successful recent developments in the Northside is that of the Federal Hill housing project. Authorization was granted to enter into an agreement for Pittsburgh Development Fund dollars and Department of Community and Economic Development grant dollars to support the third and final phase of the 48 unit Federal Hill project. The six single family homes to be developed are to be sold to owner occupants, and will build off the strength of the first two phases that lined two blocks of Federal St.
Also in the Northside, authorization was given to enter into a $1.5 million grant agreement with North Side Associates to fund a multi-year capital improvement program of the 324 unit, scattered site affordable housing portfolio of North Side Properties. Units are located in Central Northside, California Kirkbride, Charles Street Valley and Perry Hilltop.
These are all exciting developments that are certain to bring economic benefits to District 6 and the City of Pittsburgh as a whole. Please feel free to reach out to my office at 412-255-2134 for any further information regarding these initiatives.
R. Daniel Lavelle
Friday, March 15, 2013
Office of Councilman R. Daniel Lavelle
414 Grant Street, 5th Floor | City County Building
Pittsburgh, PA 15219
telephone: 412-255-2134 | facsimile 412-255-0737