Wednesday, September 14, 2005

Bankrupt city BUYS another property, spends more, further hurts downtown

This is no "redevelopment group" -- it is government. The URA (Urban Redevelopment Authority) gets money from taxes and does NOT pay taxes.
Redevelopment group adds another property -

The Pittsburgh Urban Redevelopment Authority added another property Tuesday to its growing cache of buildings in the Fifth and Forbes corridor Downtown.
Authority members unanimously approved the purchase of a 4,100-square-foot building at 218 Forbes Ave. owned by George S. Aiken for $350,000. The purchase means the authority will own at least 18 buildings in the Downtown corridor.
Redevelopment director Jerry Dettore said the building was needed to complete the authority's ownership of a cluster of properties around Aiken's restaurant, George Aiken's Delicious Prepared Foods, which will continue to operate for up to five years. Dettore said his agency has been buying Downtown buildings to prepare the city for Mayor Tom Murphy's plan to attract a major company to develop a large retail district.

No comments: