Posted Jun 5, 2013, 3:38 PM
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Eurosceptic
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Join Date: Apr 2003
Location: Pittsburgh
Posts: 24,339
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Quote:
Originally Posted by BrianTH
PMC reportedly is in fact working with Kimpton on converting the Reed Building to a hotel, specifically a Hotel Monaco. As discussed in the article, this would be the first in a new niche for Downtown, and would be close enough to the Convention Center to be part of that mix:
http://www.post-gazette.com/stories/...-hotel-690366/
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Looks like Glowrock was right!
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Here's some more info on East Liberty:
http://triblive.com/news/allegheny/4...#axzz2VAnfimxy
Quote:
Allegheny, Pittsburgh officials ponder $13M transit plan in East Liberty
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The money would fund a 550-space public parking garage connected to the Eastside III development, maintaining a new busway station, a new street that connects the Highland Avenue bridge to the Target store, the revamping of Penn Circle to convert all of it to two-way traffic, pedestrian improvements around Obama Academy and Highland Avenue, including increased lighting, safer cross-walks and signal upgrades.
Money would also be used for a public art piece that would be seen as motorists enter East Liberty from the east and a public plaza at Broad Street and Highland Avenue that could include a stage and green space.
Although Transit Revitalization Investment Districts were authorized by the state in 2004, the East Liberty plan is believed to be the first in the state. Unlike tax-increment financing projects, the transit districts do not have to be designated as blighted.
Tax-increment financing can be a controversial issue because money that would otherwise be paid in taxes goes toward the project.
Robert Rubinstein, acting executive director of the Urban Redevelopment Authority, said without the public subsidy, the project would not be feasible.“There's still lots of obsolete and dysfunctional infrastructure in the district. This is a good way to fix those problems,” he said.
The planned $345 million in development involves seven projects: Eastside III and Bakery Square 2.0, which include housing and retail space; renovating the former YMCA into a hotel; rehabbing two historic buildings; constructing a two-level cineplex with a restaurant; construction of a hotel at Highland Avenue and Broad Street; and construction of East Liberty Place South for low-income housing.
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