Bakery Square developer wants shot at Amazon HQ2

Mark Belko | Monday, February 5, 2018, Pittsburgh Post-Gazette

Depending on how the chips fall, Google’s Pittsburgh home could end up hosting another tech giant — Amazon.

The Bakery Square complex in the East End has emerged as another potential site for at least a portion of Amazon’s second headquarters should the online retailer select Pittsburgh.

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Pittsburgh no longer ‘financially distressed,’ according to state oversight team

Bob Bauder | Thursday, November 16, 2017, The Tribune Review

Pittsburgh’s state-appointed financial overseers Thursday recommended the city’s release from state-run fiscal oversight, marking what could be the beginning of the end for the city’s “financially distressed” status.

In a report released Thursday, coordinators appointed by the Pennsylvania Department of Community and Economic Development said Pittsburgh has met all requirements to leave state supervision.

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Penguins yield $15 million in credits but gain extra time to develop Civic Arena site

Mark Belko | Monday, November 6, 2017, Pittsburgh Post-Gazette

The Penguins will exchange $15 million in credits for land and give up one parcel as part of a tentative agreement with the city that gives the team more time to redevelop the former Civic Arena site.

Under the agreement announced Monday, the team will be required to develop nearly 6.5 acres of the 28 acres by 2020 or forfeit a portion of the parking revenue it now receives, with proceeds being deposited in a fund to finance redevelopment in the Hill District. Most of the site is now devoted to parking, with the Penguins getting all the revenue.

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Mismanagement, conflicted leadership blamed for governance problems at PWSA

Adam Smeltz | Wednesday, November 1, 2017, Pittsburgh Post-Gazette

Pennsylvania’s top fiscal watchdog urged rapid changes Wednesday in both oversight and financial management at the Pittsburgh Water and Sewer Authority, pressing for a more independent board and tighter business practices.

“The average, everyday Pittsburgher wants clean water and a bill they can afford to pay. And the current structure of the authority cannot meet these two very basic desires,” state Auditor General Eugene DePasquale said Downtown, where he introduced a broad audit of PWSA.

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Pa. Senate approves plan to close $2.2B budget hole

Michael Rubinkam | Thursday, July 27, 2017, Associated Press

HARRISBURG — The Pennsylvania Senate on Thursday approved a plan to eliminate a $2.2 billion budget deficit that includes heavy borrowing and hundreds of millions of dollars in tax increases, including on Marcellus Shale gas drilling, consumers’ utility bills and online purchases.

Floor votes came barely 14 hours after Republicans who control the chamber first unveiled their plan to balance the $32 billion state budget late Wednesday. It includes a proposal to borrow $1.3 billion against Pennsylvania’s annual share of the 1998 multistate settlement with tobacco companies, an approach rejected by their GOP counterparts in the House just last week. States typically borrow to prop up current spending only as a last resort.

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