Calling it “transformational,” Pittsburgh Mayor Bill Peduto has announced a deal that will lead to the redevelopment of the 28 acres in the lower Hill District formerly occupied by the Civic Arena.
“This plan will build transformational wealth for the residents of the greater Hill District,” said Peduto during the Sept. 9 announcement. “It provides the financial resources to build the ladders of opportunity between the 28-acres and the rest of the Hill District.”
The final Community Collaboration and Implementation Plan creates the largest Tax Increment Financing district ever in the city—the Greater Hill TIF District—which could attract up to $50 million in investment for development beyond the 28-acres in the Middle Hill, Crawford Roberts, Terrace Village, Bedford Dwellings and the Upper Hill.
It also calls for the highest levels of M/WBE inclusion in the city’s history: 30 percent for MBEs and 15 percent for WBEs. This plan, which involves the cooperative efforts of the Pittsburgh Penguins, the city’s Urban Redevelopment Authority, the Sports and Exhibition Authority, and Allegheny County, is broken down into several parts:
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