[CPEO-BIF] "$15M in tax credits to transform former steel mill into tech hub, " Pittsburgh, Pennsylvania

[Lenny Siegel <lsiegel@cpeo.org>]

$15M in tax credits to transform former steel mill into tech hub

by NATASHA WINDSTORM
Pittsburgh Tribune-Review (PA)
December 27, 2017

Gov. Tom Wolf announced Wednesday that the state will pitch in $15 million in tax credits to expedite construction at Hazelwood Green — the site of a massive abandoned steel mill that a group of nonprofits hopes to transform into a  bustling corporate hub for research and technology.

The Commonwealth Cornerstone Group's New Markets Tax Credit funding ensures that the first of three office buildings planned at Pittsburgh's last big brownfield can begin construction early next year and be ready for occupants by spring 2019, said Donald Smith, president of Regional Industrial Development Corp., the Downtown Pittsburgh-based nonprofit real estate developer awarded the tax credits. 

"It's huge. Literally the project couldn't happen without it," said Smith, whose organization owns the ionic Mill 19 building, a portion of the Hazelwood Green development.

…

For the entire article, see
http://triblive.com/state/pennsylvania/13116847-74/gov-wolf-announces-15m-tax-boost-to-transform-former-steel-mill-into

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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