(PITTSBURGH) July 6, 2012 Mayor Luke Ravenstahl announced today that another big Downtown project is on its way to hitting the skyline, thanks to a $500,000 grant that will help spur infrastructure improvements, making way for the $80 million Gardens at Market Square project. The City’s Urban Redevelopment Authority (URA) successfully applied for and was awarded $500,000 in gaming fund revenues by the Commonwealth Financing Authority (CFA). The development, located at the Fifth Street entrance into Market Square, will transform dilapidated buildings into a new 18-story, mixed-use, LEED-certified building that will continue to revitalize the Fifth/Forbes Street corridor.
“One of the reasons our family chose to invest in Pittsburgh is that the public and private sectors work together to make projects happen,” said Lucas Piatt, Chief Operating Officer of Millcraft Industries. “I want to thank the CFA for recognizing this project’s economic impact. We’ve invested millions into this market and we plan to keep investing because Pittsburgh hasn’t just arrived, it’s going to get even better in the years ahead. We are thrilled to complete our third Downtown project during what we believe is one of the most opportune times in Pittsburgh’s history.”
Friday, July 6, 2012
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Office of Mayor Luke Ravenstahl
512 City County Building | 414 Grant Street
Pittsburgh, PA 15219
telephone: 412-255-2626 | facsimile: 412-255-2687