Pittsburgh Urban Redevelopment Authority Approves Hazelwood Tax Increment Financing Plans

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

The Pittsburgh Urban Redevelopment Authority board got the ball rolling Thursday for the largest piece of tax increment financing in the city’s history — an $80 million to $90 million package that would fund roads, utilities, parks and other public improvements for a proposed $900 million office and residential development in Hazelwood.

While URA board members unanimously approved preliminary plans for the funding in Hazelwood, some members criticized city council for holding up a $50 million TIF for a proposed $400 million to $500 million Buncher Co. development in the Strip District and wondered whether the Hazelwood package would suffer a similar fate.

The TIF must be approved by the city, the Pittsburgh Public Schools and Allegheny County.

“This is the beginning of a very long process,” said URA board member Jim Ferlo, a Democratic state senator from Highland Park.  “There are going to be a lot of hurdles, if not some significant roadblocks.”

Read more: http://www.post-gazette.com/stories/business/news/ura-approves-hazelwood-tif-plans-669989/#ixzz2Hgyhruih

New Jersey Poised To Become National Leader In “Green” Wind Turbine Power

Wind turbines (Vendsyssel, Denmark, 2004)

Image via Wikipedia

 

Governor Christie is at it again.  Creating green power, creating jobs, and getting national recognition for New Jersey!  Did you know New Jersey is second behind California for solar power!  

Hey Fast Eddie..this is the kinda stuff you should be doing instead of raising taxes and laying off state workers.  

P.S.  We need a new bridge over Keim Street!! 

http://www.philly.com/philly/news/20100820_Christie_signs_law_encouraging_offshore_wind_turbines.html