Pittsburgh school board gives go-ahead to public financing for former LTV site

| Wednesday, March 20, 2013, 10:15 p.m.

The Pittsburgh Public Schools board agreed Wednesday with city council to authorize the city's Urban Redevelopment Authority to move forward with a special tax financing plan intended to hasten development of the former LTV Steel site in Hazelwood.

The $90 million tax-increment financing package requires approval from all three taxing bodies: city council, Allegheny County Council and the school district.

City council gave unanimous approval on Tuesday. County council voted Tuesday to give preliminary approval to the plan and will have to vote again to five final approval.

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