Pittsburgh finalizes deal with Penguins for Civic Arena site plans
Pittsburgh and the Penguins finally agree on something.
The two sides, which have negotiated for years over a new agreement for development of the former Civic Arena property, finalized the pact Friday.
The Penguins and property owners — Pittsburgh's Urban Redevelopment Authority and the City-County Sports and Exhibition Authority — came to terms in November, but attorneys had to formalize two outstanding issues, according to URA Chairman Kevin Acklin, who doubles as Mayor Bill Peduto's chief of staff.
“The Penguins have agreed to the two remaining conditions stipulated ... and delivered the written (agreement) with binding terms,” Acklin said.
Friday was a deadline for the Penguins to do that, he said.
Under the terms, the Penguins must develop 10.75 acres of the Lower Hill District property by 2023 or face losing 40 percent of the parking revenue from lots that cover most of the 28-acre property.
The team also agreed to removal of a clause that would have permitted it to miss the 2023 deadline without penalty if Hill District-based community groups protest and cause a development delay.
The Penguins are planning a mix of residential, office, retail and entertainment venues for the former arena site.
Friday's agreement ends four years of sometimes contentious negotiations between the city and Penguins.
The Penguins declined to comment, but Chief Operating Officer Travis Williams previously said the team is moving ahead with plans to start construction of the first phase of a 1,000-unit apartment complex in 2018.
Bob Bauder is a staff writer for Trib Total Media. He can be reached at 412-765-2312 or firstname.lastname@example.org.