Pittsburgh City Council OKs Pursuit of Major Tax Package for Hazelwood Project; Deal Will Provide Tax Benefits for $900 Million Development from the Pittsburgh Post-Gazette
"Pittsburgh City Council today gave the Urban Redevelopment Authority the green light to pursue the largest tax increment financing deal in the city's history, an arrangement that would provide upwards of $90 million in tax benefits for a proposed $900 million residential and commercial development in Hazelwood. The proposal would allow a portion of the tax dollars paid on the property to be earmarked for roads, utilities, parks and other public improvements on the riverfront land, the former site of the LTV coke works."
"Pittsburgh City Council today gave the Urban Redevelopment Authority the green light to pursue the largest tax increment financing deal in the city's history, an arrangement that would provide upwards of $90 million in tax benefits for a proposed $900 million residential and commercial development in Hazelwood. The proposal would allow a portion of the tax dollars paid on the property to be earmarked for roads, utilities, parks and other public improvements on the riverfront land, the former site of the LTV coke works."
LTV Coke Works site
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