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Council committee backs Manchester-Chateau TRID plan to capture development taxes for neighborhood infrastructure and affordable housing
Summary
Council approved a phase-1 implementation plan to create a Transit Revitalization Investment District (TRID) for the Manchester/Chateau area; the URA and city officials detailed commitments to affordable housing, infrastructure and a 20-year value-capture term for pledged parcels.
Pittsburgh city council on Feb. 19 gave an affirmative recommendation to Bill 12-34, a resolution to adopt the Manchester-Chateau Transit Revitalization Investment District (TRID) Phase 1 implementation plan. The measure directs the city to pledge a set of parcels for value capture under state TRID law to finance on-site and neighborhood investments tied to a proposed riverfront redevelopment.
Council President Lavelle and multiple council members described the proposal as a long-sought effort to redirect new tax revenue generated by redeveloping the Esplanade parcels back into the Manchester neighborhood. Sushila Nemani Sanger, executive director of the Urban Redevelopment Authority (URA), and other URA staff walked the committee through the TRID mechanics and intended uses.
Under the plan discussed…
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