Brought to you by the URA Wherever you are, there’s the URA. HERE WE ARE. Allegheny Riverfront IN HERE. BodyMedia OVER HERE. Central Northside WHO WE ARE The URA’s Center Since 2006, the URA has URA-financed housing for Innovation and leveraged $60 million in units will generate Entrepreneurship Tax Increment Financing an estimated $170 million provided 401 loans/grants to create $520 million or a $2.9 million increase totaling $580 million in total investment. This in annual City/School with $80 million of has created or retained District tax. URA investment. over 3,579 new jobs in (2006-2012) (2006-March 2013) the City of Pittsburgh. (2006-2012) URA provided $348 million of direct approximately investment in economic Housing development $9.4 million in loans development projects projects totaling and grants to rehabilitate leveraged over a billion $545 million were 611 housing units dollars in total project initiated, creating and approximately costs that created or 4,024 housing units $20.3 million in retained 6,589 jobs. with $138 million mortgage loans A bold (2006-2012) of URA investment. for the purchase of (2006-2012) 422 housing units. (2006-2012) new vision for Pittsburgh Your neighborhood bistro. SPARKING ECONOMIC AND MISSION WHO HOUSING DEVELOPMENT Your favorite bike trail. The Urban Redevelopment Your go-to shopping spot. We understand how people Authority of Pittsburgh The roof over your head. want to live in today’s cities (URA) is the City of Everywhere you look, and what makes a region Pittsburgh’s economic the URA is a big part grow. As times change and development agency, of the picture. new challenges or opportunities committed to creating jobs, arise, the URA is poised to expanding the City’s tax WE The Urban Redevelopment move Pittsburgh forward base and improving the Authority of Pittsburgh (URA) in two areas: vitality of businesses and neighborhoods. is many things to many people. economic development The URA achieves this But most of all, we are a and housing development. mission by assembling, resource for getting things preparing and conveying done. With an ethos of From funding basic home sites for major innovation and a strategic improvements to spiffing mixed-use developments; vision for Pittsburgh grounded up storefronts to dramatically and by providing a portfolio in stability and sustainability, ARE transforming entire of programs that include the URA’s influence can be felt neighborhoods, big things financing for business everywhere there’s excitement, are happening. You can see location, relocation energy, growth, jobs and people. them everywhere. and expansion, housing construction and rehabilitation, and home purchases and improvements. URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 9 BIG ON THE ‘BURGH A SNAPSHOT OF PITTSBURGH TheAtlantic.com HuffingtonPost. “Where the Brains com Are Going” #20 among Top 43 Prettiest Cities in Bicycling.com the World #28 among America’s Top 50 Milken Institute Best Bike Cities Pittsburgh is one of the Best Bloomberg Performing We make Businessweek Cities 2012: Where America’s #7 among Top 10 Cities for College Jobs are Created Pittsburgh livable Grads and Sustained The Business Movoto.com Journals Pittsburgh is America’s The time has come GROWING OUR GREEN #23 in Top REPUTATION 100 National smartest city. for Pittsburgh to shine. Small-business Vitality Rankings National With the URA’s Sustainability Geographic With main street Traveler and Green Design Policy, we Career Bliss Best in the World: business districts booming, are keeping Pittsburgh front #5 Happiest City for Workers One of the Top 20 BIG “old” neighborhoods Places to Visit in and center when it comes to #4 among 2012 like Lawrenceville, environmentally responsible Happiest Cities East Liberty and the Strip planning and innovation. for Job-seeking New York Post “Springtime for District are suddenly Central Pittsburgh: Old ON THE From news stories touting Connecticut and new blend new again. And “new” State University perfectly in an ever neighborhoods like Pittsburgh’s embrace of green #4 Most Literate more interesting Summerset at Frick Park, technology and innovation to City in the U.S. Steel City” Federal Hill and Crawford its return appearance year after ChainLinks Site Selection Retail Advisors Square are redefining year on just about everybody’s Pittsburgh among list of best places to live, there’s #10 in Top 10 top 10 for economic the modern, vibrant Healthiest Retail development a new momentum you can see Markets in projects ‘BURGH urban lifestyle. America and feel. Under30CEO.com CNBC One of Top 10 Making our City livable—not #1 Best City Cities for Young just to the list-makers but to to Relocate to Entrepreneurs in America the people who actually call it USA Today / home—is the goal of the URA. Forbes.com Forbes #1 Most Livable One of the World’s And when a city is livable, good City in America Top Ten Skylines things follow. Tax revenue #3 Safest, Most U.S. Conference grows. Property value grows. Secure Place to of Mayors Live in America Pittsburgh: Pride grows. World Economic Powerhouse URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 11 BIG ON THE ‘BURGH “Market Square is the heart ATTRACTING AND RETAINING of Downtown. Renovating A STRONG this historic space was an WORK FORCE important milestone for If Pittsburgh works, the City. Now that it’s once it’s because we keep again filled with restaurants, enough of our young music, shopping and activity, talent here and attract local residents and visitors exceptional employees Market Square can feel pride in this special from other places. DOWNTOWN place that’s become not only But we could do better. a Downtown destination, Historic Market Square is And we will. located at the intersection but a regional one.” of Market Street and Forbes Avenue in the core of Luke Ravenstahl From bike trails to Downtown Pittsburgh. It had coffee shops to popular been a familiar urban oasis for Mayor, City of Pittsburgh Pittsburghers of all generations, retailers within walking but in recent years, reviving distance of where you live the deteriorating thoroughfare to bring investment back and work…we’re working to the area and attract more “On the Market Square on it. Maintaining and upper-floor tenants became project, the URA functioned improving the local a priority for the Ravenstahl administration. Since Market as the project manager. flavor of Pittsburgh’s Square reopened in 2010, They were extremely urban neighborhoods… pedestrians now enjoy invested in this project at new street construction we’re working on it. and aesthetic lighting, a every level and today, they Helping small business new pedestrian-only center still pay close attention to owners take off and island and beautiful “Paris to Pittsburgh” landscaping and what’s going on in Market making sure big players piazza. Downtown employees, Square. Making it a clean, get into the game… residents and visitors flock safe, well-maintained place to Market Square’s Farmers’ the URA is working Market and unique restaurants, where people have a great on it. And that’s why dine al fresco at the café tables time encourages more Pittsburgh works. and enjoy live music on the Market Square stage. With a Downtown jobs, residents rich history as an Abolitionist and visitors. Today, and Underground Railroad site, Market Square is a major Market Square has regained its former glory. With a total public catalyst for private sector investment of $3,750,000 and investment.” numerous URA and Pittsburgh Downtown Partnership storefront Jeremy Waldrup improvement grants, Market Square now boasts 33 opened President and CEO and planned restaurants, PITTSBURGH DOWNTOWN more than 480 completed PARTNERSHIP and planned residences and $1.5 billion in investment. URA: THE URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH 13 TOP TEN TOTAL PROJECT FUNDING THE DREAM COSTS FOR ECONOMIC DEVELOPMENT DEALS ($581 MILLION) Three PNC Plaza American Eagle $175 MIL $21 MIL Bakery Square Pittsburgh Economic development $130 MIL Technology Center Garage Piatt Place $17 MIL that changes lives $83 MIL Eastside II Eastside V : Target $34 MIL $46 MIL South Shore All too often, developers First, we conduct a thorough Bridgeside Riverfront Park Point II analysis of a project’s $13 MIL and small businesses $46 MIL potential for success, its find themselves in an Market uphill battle trying to ability to make a positive Square Place $37 MIL FUNDING put together financing. impact on a neighborhood So they decide it’s easier and its alignment with the goals and objectives of the to give up rather than community it will call home. “We located in Garfield tackle yet another hurdle If the project meets these because that’s where THE or overcome still one objectives, the URA steps we found the perfect more roadblock. And in to help out. space and the URA when projects stall out helped us every step of or go under, nobody the way. We may have ACQUIRING AND PREPARING been pioneers when we benefits. That’s not SITES FOR DEVELOPMENT acceptable. first opened in Garfield, If we believe that developing but today, it’s way DREAM The URA is here to get a brownfield, abandoned beyond a renaissance. The streets are still things done. We are the or other underutilized site could positively transform packed with activity bridge, the helping hand a neighborhood, we may at 10:30 at night where or the pedal to the metal purchase that site there used to be only for people who have a ourselves and prepare dark storefronts. vision for improving it for development. We’ve blown our initial our City. projections out of The URA is always ready to the water by more proactively acquire locations than 50 percent.” WORKING IN PARTNERSHIP WITH LENDERS that could enhance a Kevin Sousa community’s vision of where Chef, Co-Owner Through strategic lending it wants to go.