On April 3, 2012, I introduced resolution 2012-0244. I am pleased to inform you that this resolution was approved by Pittsburgh City Council today. The resolution was approved with a 6 to 3 vote.
The resolution authorizes a cooperation agreement between the City of Pittsburgh, the Urban Redevelopment Authority (URA), and the Sports and Exhibition Authority (SEA) to allocate a total of $2,000,000 in new parking tax revenue generated by the new interim parking spaces at the former Civic Arena site until 2016, towards the redevelopment of the Greater Hill District.
The cooperation agreement directs 50% of the entire new parking tax revenue to the URA for deposit in a Community Development Investment Fund (CDIF). The CDIF stipulates that all monies will go solely to development projects within the Greater Hill District. The revenue will be used for development projects defined by the Greater Hill District Master Plan.
The other 50% of the new parking tax revenue will be allocated to the SEA to support infrastructure improvements on the Lower Hill District site. It will be used specifically for costs related to the design and construction of roads and infrastructure, preparing the site for the future mixed use development.
With the development schedule in place, I view temporary parking to be relatively short term as stakeholders look to build on the site. The sooner infrastructure funding and development is secured, the more temporary the parking will become. In the meantime, it makes sense to leverage the spaces to create additional economic development benefits for the Greater Hill District and the City of Pittsburgh at large.
Thank you to all of you who voiced your support for this pivotal legislation. I am also thankful for those council members who stepped up and understood a vote to improve the lives of residents of the Hill District is a vote in support of the future of the City.
R. Daniel Lavelle
Office of Councilman R. Daniel Lavelle
414 Grant Street, 5th Floor | City County Building
Pittsburgh, PA 15219
telephone: 412-255-2134 | facsimile 412-255-0737