Century III New Owner Seeks To Reverse Vacancy Trend With New Theater

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The owner of Century III is betting that a movie theater could help revitalize the struggling West Mifflin mall.

Las Vegas-based Moonbeam Capital Investments LLC, which bought the mall in May, said it is negotiating with two national chains with a Pittsburgh-area presence to open a first-run movie theater with stadium seating in Century III. Shawl L. Pryor, senior vice president of real estate, won’t name the companies because no lease has been signed.

Contending with a high vacancy rate, about 32 percent, and low foot traffic, the 34-year-old mall needs an entertainment component as part of its revitalization, Moonbeam said.

“We believe that it’s a very important aspect of why people go back to the mall. It’s not just to buy clothing anymore,” Moonbeam Chief Executive Officer Steven Maksin said.

Read more: http://triblive.com/news/allegheny/5157496-74/mall-iii-century#ixzz2nGz6riE4
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U.S. Steel’s Lower Taxes Causing Budget Headaches

U.S. Steel

U.S. Steel (Photo credit: Wikipedia)

A succession of successful tax appeals by U.S. Steel earlier this year, resulting in the assessed value of some of its major properties in Allegheny County plummeting by millions of dollars, has put big dents in municipal and school budgets.

The drop in real estate tax revenue has prompted three school districts — Woodland Hills, Clairton and West Mifflin — to file court challenges to the appeals granted to U.S. Steel by the Allegheny County Board of Property Assessment, Appeals and Review, and is pushing Braddock to consider an earned income tax increase.

Ira Weiss, solicitor for the Clairton City School District, called U.S. Steel’s new assessments, which resulted in the value of its coke plant in Clairton dropping from nearly $10.6 million in 2012 to just above $2 million this year, “laughable.”

“We believe the approach of [U.S. Steel] in these appeals with these communities where they’ve been longtime partners is deplorable, really,” Mr. Weiss said. “It was devastating. … [Clairton's] a small school district in a small town and no local government can sustain this kind of hit from an ongoing concern.”

Read more: http://www.post-gazette.com/local/east/2013/11/30/U-S-Steel-s-lower-taxes-causing-budget-headaches/stories/201311300091#ixzz2m9CxWD00

U.S. Steel Touts Coke Plant Project As Good For Jobs, Air

UNITED STATES STEEL CORPORATION COKE PLANT IN ...

UNITED STATES STEEL CORPORATION COKE PLANT IN A VALLEY SURROUNDED BY HOMES AT CLAIRTON, PENNSYLVANIA. LOCATED 20… – NARA – 557213 (Photo credit: Wikipedia)

U.S. Steel today formally commissioned a new battery of ovens at its Clairton coke plant, a $500 million project the company said will preserve steelmaking jobs in the Mon Valley and improve the region’s air quality.

The project is a scaled back version of the $1 billion proposal the Pittsburgh steelmaker announced in late 2007, before the global recession decimated steel demand and caused the industry to retrench.

President and CEO John P. Surma said even after the scope was reduced, the project was the largest in the history of the Clairton plant and one of the largest in U.S. Steel’s 112-year history.  He said it secures the jobs of 1,300 Clairton employees as well as the 1,400 who work at the company’s Edgar Thomson plant in Braddock and the Irvin plant in West Mifflin.

Read more: http://www.post-gazette.com/stories/local/breaking/us-steel-touts-coke-plant-project-as-good-for-jobs-air-672843/#ixzz2Jb0uFLsx