Pittsburgh Tuesday takes
More wealthfare?: Unspecified “loans, grants or other assistance” is being dangled before a Slovenian LED lighting manufacturer to make Pittsburgh its headquarters and build a street light factory. Grah Lighting perhaps is best known for making LED auto bulbs for luxury vehicles. But other than making it easier for Grah to navigate the usual regulatory maze so it can more easily risk its own capital in pursuit of private profit, taxpayers have no business underwriting this effort.
Debt dive: Pittsburgh's per capita debt has taken a healthy nose dive in the last decade. The Allegheny Institute for Public Policy says last year's debt figure was $1,901. In 2001, it was $2,651. And that's “no small feat,” the think tank reminds, given the city's long struggle to corral its debt. If Pittsburgh can fix its unfunded pensions liability problem, too, real renaissance might be surprisingly close.
Prudent move: “Runner-only” zones have been added to this year's Pittsburgh Marathon on May 5. That's in light of the bombings at the Boston Marathon. It's a prudent way to prevent spectators who might have evil on their minds from mingling too close to runners. Other beefed-up security measures are not being made public and for obvious reasons. About 26,000 runners are expected. Up to 100,000 spectators will line the race route. Here's to a successful, safe and record-setting marathon.
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