Pittsburgh lands millions in federal tax credits
The U.S. Treasury Department awarded Pittsburgh $35 million in federal tax credits for economic development in low-income neighborhoods, the mayor's office announced Wednesday.
Gigi Saladna, a spokeswoman for the city's Urban Redevelopment Authority, which will award the credits through its Pittsburgh Urban Initiatives program, said a decision on where the money will go is coming in “the near future.”
Since February 2011, Urban Initiatives has received $90 million in tax credits that have helped to finance several Pittsburgh developments, including Highmark Stadium at Station Square and The Gardens at Market Square in Downtown.
More than 2,000 full- and part-time jobs have been created, said the URA in a news release.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- NASA head tells Pitt grads their generation will ‘walk the face of Mars’
- Gameday: Pirates at Cubs, April 27, 2015
- Man fatally stabbed in Braddock Hills
- Rossi: Penguins’ best bet is on Martin
- Fire at North Union industrial building ruled accidental
- Young defensemen make case for future with Penguins
- Spirit Airlines lifts fortunes of Arnold Palmer Regional Airport
- From injuries to front office, Penguins’ season didn’t lack drama
- It’s business, but not as usual in Pittsburgh
- Penguins president: General manager, coach won’t be fired
- Rossi: Crosby, Malkin didn’t sign on for this