Penguins To Pay Community Benefits To Area Near New Arena
 |
Agreement Ensures Community Around New
Penguins Arena Receives Benefits |
The Pittsburgh-Allegheny County Sports & Exhibition Authority (SEA) Thursday "approved the outline of a community benefits agreement with Hill District residents" that is "meant to ensure that the Hill benefits from the construction" of the Penguins’ new $290M arena, according to Mike Wereschagin of the Pittsburgh TRIBUNE-REVIEW. The community agreement, which is expected to be signed before the arena's groundbreaking Thursday, "will include a master development plan for the neighborhood, a grocery store and regular updates to keep residents apprised of job openings associated with the project." One Hill Chair Carl Redwood, whose community organization negotiated the agreement with local officials, said that the agreement also "will include tax credits meant to spur $500,000 in private business investment in the area." The SEA also "approved four arena construction contracts worth a total of $38.5[M]," including "a nearly $28[M] contract for electrical work" given to Pittsburgh-based Lighthouse Electric (Pittsburgh TRIBUNE-REVIEW, 8/8). In Pittsburgh, Mark Belko reports the community benefits agreement "provides $2[M], including $1[M] from the Penguins" (PITTSBURGH POST-GAZETTE, 8/8).
|
Related Stories By Company
|
Related Stories By Sport
|
Crosby Explains Passing On "Late Show"
March 11, 2010 :
SportsBusiness Daily
Crosby's Endorsement Future Looking Bright
March 5, 2010 :
SportsBusiness Daily
Consol Energy Center About 75% Completed
February 19, 2010 :
SportsBusiness Daily
Consol Energy Center To Be High Tech
February 16, 2010 :
SportsBusiness Daily
Pens' Co-Owners Offered To Buy Pirates
February 1, 2010 :
SportsBusiness Daily
|
Ice Edge CEO Optimistic About Coyotes Sale
March 16, 2010 :
SportsBusiness Daily
NHL Franchise Notes
March 16, 2010 :
SportsBusiness Daily
Preds Staying Put Until At Least 2012
March 15, 2010 :
SportsBusiness Daily
Effort Begins To Lure Wings To Auburn Hills
March 15, 2010 :
SportsBusiness Daily
What's Ted Leonsis Up To This Weekend?
March 12, 2010 :
SportsBusiness Daily
|
|
