UPMC sports complex to benefit Seneca Valley, Cranberry
Cranberry and the Seneca Valley School District will benefit financially from the UPMC Lemieux Sports Center under construction in the township.
Each jurisdiction will receive $51,842 in real estate transfer taxes, according to a March 10 deed filed in the Butler County Recorder of Deeds office, for the sale of 11 acres of land by Sippel Enterprises L.P. to UPMC Presbyterian Shadyside, a nonprofit corporation.
“That certainly is a very significant amount,” township Manager Jerry Andree said. The state will receive nearly $1.4 million.
The sale, valued at nearly $10.4 million, is for property near the corner of routes 19 and 228 that will house the sports complex.
The medical and hockey facility is scheduled to be completed in 2015. UPMC officials said concrete pads for two ice rinks have been built. The Penguins will use one rink for practices, while the other will be used by local hockey teams, tournaments and the public.
Andree said that the township budgeted $1.1 million in real estate transfer taxes for 2014, the same amount as 2013.
In 2009, the township received $1.4 million and just under $1 million in each of the following two years. The tax rebounded to $1.35 million in 2012.
Andree said the transfer tax hinges on the number of property sales within the township, mostly homes, which is affected by mortgage rates.
The money goes into the general fund, Andree said.
Bill Vidonic is a staff writer for Trib Total Media. He can be reached at 412-380-5621 or email@example.com.