Wholey Building may become condos

[mckeesport_alum]

Still a huge incentive. Figure at least $4500 - $5000 a year. Take 70-80% of that number (depending on your federal tax bracket) and that is what you save per year.

[BrianTH]

Given the expected post-abatement property taxes and increase in local income taxes, sales taxes, and so on, usually a well-designed abatement program is a good idea financially for the taxing jurisdiction, as long as it really is necessary and effective when it comes to developing the relevant units. Basically, it makes economic sense to subsidize long-term capital improvements and get back that investment later.

[gameguy56]

Originally Posted by BrianTH

--The proper development of the North Shore is an interesting topic. In an ideal world we would have never torn apart the City of Allegheny and we could treat that area like the South Side. But given where we were starting, I don't really see that area effectively competing with lots of other areas in the City, including the Strip and Downtown itself, when it comes to developing new residential units. Meanwhile, things like stadiums and casinos and office parks aren't necessarily conducive to developing residential areas, so I actually think it is handy we have a convenient place to concentrate that stuff while focusing on other areas for new residential.

It's really quite sad that the North Side is in such a state of disrepair.

If it was left mostly intact, it could have very well been Pittsburgh's version of NYC's Park Slope. The Mexican War Streets still capture a little bit of that, and West Park(or what's left of it) is still rather stunning.

[chielgirl]

Originally Posted by gameguy56

It's really quite sad that the North Side is in such a state of disrepair.

If it was left mostly intact, it could have very well been Pittsburgh's version of NYC's Park Slope. The Mexican War Streets still capture a little bit of that, and West Park(or what's left of it) is still rather stunning.

That's the absolute truth.
No foresight in that fiasco.

[PA-native71]

Pittsburgh needs to put in effect more green requirements for builders, the use of natural light and using more open floor plans and efficient heating and cooling and use the roof as a green space for the occupants and it will also cool the area and can be a nice place for entertaining, with all the new solar and wind generating options available one can turn a building this size into a generating plant and still be very aesthetically pleasing to the eyes and be very environmentally responsible reusing rainwater for washing clothes or bathing and using that water to water the rooftop gardens, toilets that turn the waste to ash that can be used to fertilize local parks or the roof top gardens,the use of natural light and open space design to make use of the light and renewable heating sources, in fact there is alot of tech out there that can reduce a buildings energy consumption between 25 and 49% easily.
I really hope thay are considering it.

[creepsinc]

I think it stinks. There's something more than a little fishy about it. It just sounds like a scheme for the loan sharks to make some extra clams.

[Copanut]

Originally Posted by creepsinc

I think it stinks. There's something more than a little fishy about it. It just sounds like a scheme for the loan sharks to make some extra clams.

Pun city.