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(US) Public Private Partnerships Can Work: Pittsburgh Penguins and Community Agree on Development Plans

By Gerald S. Dickinson on September 12, 2014
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The Pittsburgh Penguins have finalized a groundbreaking agreement with local community groups after years of negotiations involving the development of the 28 acre site where the former Civic Arena once stood. The agreement provides for, among other things, the inclusion of minority participation in the development of the 28 acres and a percentage of affordable housing.

The announcement, made by City and County officials earlier this week, was a turning point in what has been a long process of negotiations between competing interest groups and stakeholders in the Hill District. In articles published in the Pittsburgh Post-Gazette and Pittsburgh Business Times, the team and local political leaders announced a wide ranging set of terms addressing the minority participation details and the percentage of affordable housing.

The full text of the Post-Gazette article can be found here.

The full text of the Pittsburgh Business Times article can be found here.

Photo of Gerald S. Dickinson Gerald S. Dickinson
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  • Posted in:
    Real Estate & Construction
  • Blog:
    Real Estate Legal Update
  • Organization:
    Reed Smith LLP

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