Council proceeds with largest TIF in Pa. city's history

03/20/2013 | Pittsburgh Tribune-Review

The Pittsburgh City Council has unanimously decided to let the Urban Redevelopment Authority establish a $90 million package of tax-increment financing for the former site of LTV Steel. The plan would divert some of the site's property-tax revenue during the next two decades to build roads and install utility lines and streetlights, which could lead to a development with potential to rake in $11 million annually in property-tax revenue. The plan must also be approved by the Allegheny County Council and Pittsburgh Public Schools.

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