City, developer eye single appraiser for Fifth and Forbes project The value of 19 city-owned properties Downtown, to be sold to a Washington County developer as part of its plans for the Fifth and Forbes corridor, could be decided with the help of a single appraiser.This is a pet payoff.
The city's Urban Redevelopment Authority and Millcraft Industries Inc. are considering the use of a mutually-agreed-upon appraiser to help set the fair market value of the parcels the URA has paid $13.8 million for over the last seven years.
The appraisal process likely will be part of a pending agreement between the URA and Millcraft to give the developer exclusive rights to the properties for at least a year, with options to extend those rights beyond that point.
All the king's horses and all the king's men won't fix Pittsburgh again -- just like they failed at Humpty Dumpty.
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