TribLIVE

| News

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Rezoning for $400M Strip District development finalized

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

Monday, Dec. 17, 2012, 1:50 p.m.
 

A divided Pittsburgh City Council on Monday finalized legislation that rezones land where a $400 million development would be built in the Strip District.

Council approved the bill 5-4 with Patrick Dowd, Bill Peduto, Bruce Kraus and Natalia Rudiak voting against it. The Buncher Co. can exceed building density and height limitations, among other things, on its 55 acres of property, now consisting primarily vacant parking lots between 11th and 21st streets, from Smallman Street to the Allegheny River.

Dowd, Peduto, Kraus and Rudiak argued for a larger setback along the Allegheny River and against gates limiting traffic on several streets in the development. Part of the iconic Produce Terminal also would be demolished and renovated if the project proceeds.

Dowd is holding up legislation that would provide $50 million in tax-increment financing for things such as water and sewer lines in the development. Tax-increment financing uses extra property taxes generated by development to repay loans. Buncher has not said whether the financing plan is a deal-breaker.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. Starkey: Steelers still knockin’ on Canton’s door
  2. Man says fall cost him a leg, sues Uniontown auto shop
  3. Heyward-Bey looks to make impact on special teams with Steelers
  4. Pitcher Arrieta, Cubs shut down Pirates in victory at PNC Park
  5. Murrysville oncologist says he had necessary permits to hunt, kill lion
  6. Steelers notebook: Spaeth on baby watch
  7. Pirates notebook: Liriano shrugs off rain-ruined start
  8. Philanthropist and one-time GOP powerhouse Elsie Hillman dies at 89
  9. Catching on: Jeannette grad Pryor making progress with transition to receiver
  10. Former Lower Burrell couple to stand trial for animal cruelty
  11. Thrill of hunt feeds obsession for plant bargains at end of summer