Lower Hill Mentioned in PIttsburgh Business Times: Buccini/Pollin presents $110M garage and Live Nation venue for Lower Hill
By Tim Schooley – Reporter, Pittsburgh Business Times, Dec 13, 2022
Buccini/Pollin Group, partner to the Pittsburgh Penguins, introduced their proposal for the next project for the Lower Hill redevelopment by touting the financial stakes involved along with their comprehensive efforts to include minority- and women-owned businesses.
"This next phase of the Lower Hill will build on the successes to date," said Chris Buccini, president of Buccini/Pollin Group, introducing the new presentation for the two companion projects to the Pittsburgh Planning Commission.
He put the combined price tag for the two companion projects slated for the Block E section of the 28-acre Lower Hill site at $110 million.
Buccini was also quick to introduce the project by detailing the minority- and woman-owned contracts entailed in the development so far as well the public funding the projects are helping to steer to other development needs in the Middle Hill and Upper Hill.
That includes $7.1 million monetized from Local Economic Revitalization Tax Assistance funds already forwarded to broader community needs and Buccini projected that rest of the project could generate another $15 million to $20 million as well.
The development team reported that more than $43 million in contracts have gone to women- and minority-owned business out of a total of more than $107 million for the projects involved so far.
Based on a design by Lawrenceville-based architecture firm Desmone, it's a presentation that builds upon what the development team initially revealed in a Development Activities Meeting hosted by the Hill District Consensus Group in early October.
It's a focal project to follow up the new 26-story FNB Financial Center office tower currently rising on the former arena site in the Lower Hill.
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