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Old 12-26-2019, 08:29 PM
 
Location: Allison Park, PA
1,816 posts, read 485,727 times
Reputation: 663

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It looks like Uber is building a test track out near the airport. The growth out there keeps humming along. They are leaving the site in the city.

https://www.post-gazette.com/busines...s/201912260116
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Old 12-26-2019, 11:59 PM
gg
 
Location: Pittsburgh
21,750 posts, read 20,680,889 times
Reputation: 14058
https://pittsburgh.cbslocal.com/2019...ld-test-track/

Great news that they are actually now investing in our region. Doesn't make sense for this type of company that needs a lot of ground to try and stay in the city limits.

Hope things go well for them. Good that they are choosing the Pittsburgh metro to develop some new technologies. Good stuff!
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Old 12-27-2019, 07:28 AM
 
167 posts, read 54,851 times
Reputation: 128
Uber continues its bleed out. Any decade now, driverless car will be everywhere! Haha
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Old 12-27-2019, 08:43 AM
 
172 posts, read 60,752 times
Reputation: 139
Sounds like good news to me. I wish them the best.
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Old 12-27-2019, 10:03 AM
gg
 
Location: Pittsburgh
21,750 posts, read 20,680,889 times
Reputation: 14058
Quote:
Originally Posted by amattaro View Post
Uber continues its bleed out. Any decade now, driverless car will be everywhere! Haha
Uber is doing fine for a new company. Valued at $30 a share off from their low of around $25 and high of $47. I think Uber will do well or get purchased by a larger company.
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Old 12-27-2019, 01:36 PM
 
Location: Pittsburgh, PA
6,304 posts, read 7,968,170 times
Reputation: 3960
Quote:
Originally Posted by gg View Post
https://pittsburgh.cbslocal.com/2019...ld-test-track/

Great news that they are actually now investing in our region. Doesn't make sense for this type of company that needs a lot of ground to try and stay in the city limits.

Hope things go well for them. Good that they are choosing the Pittsburgh metro to develop some new technologies. Good stuff!
Exactly. Uber wants 600 acres instead of the 50 they have now. There's absolutely not that much undeveloped land available anywhere in the city limits. This has nothing to do with things in the city, just where you can get that much land in one area....

Funny how a certain someone wants to ignore how Aptiv is moving from O'Hara to Hazelwood so they can expand beyond what they are capable of in that area. Guess it doesn't fit the narrative.
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Old 12-27-2019, 01:54 PM
 
Location: East End, Pittsburgh
969 posts, read 577,322 times
Reputation: 1037
Quote:
Originally Posted by bradjl2009 View Post
Exactly. Uber wants 600 acres instead of the 50 they have now. There's absolutely not that much undeveloped land available anywhere in the city limits. This has nothing to do with things in the city, just where you can get that much land in one area....

Funny how a certain someone wants to ignore how Aptiv is moving from O'Hara to Hazelwood so they can expand beyond what they are capable of in that area. Guess it doesn't fit the narrative.
It is funny though, how obviously desperate they are to push their narrative. 600 acres is almost a square mile or the combined land of East Liberty and Garfield. It's so obvious why they made this move - land in the suburbs is less valuable and more available.
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Old 12-27-2019, 02:57 PM
 
Location: Allison Park, PA
1,816 posts, read 485,727 times
Reputation: 663
Quote:
Originally Posted by gg View Post
https://pittsburgh.cbslocal.com/2019...ld-test-track/

Great news that they are actually now investing in our region. Doesn't make sense for this type of company that needs a lot of ground to try and stay in the city limits.

Hope things go well for them. Good that they are choosing the Pittsburgh metro to develop some new technologies. Good stuff!
Quote:
Originally Posted by Blue Shift View Post
Sounds like good news to me. I wish them the best.
Agreed I’m very excited about this move it is good news for the region.


Quote:
Originally Posted by xdv8 View Post
It's so obvious why they made this move - land in the suburbs is less valuable and more available.
Really do you have evidence to back up your claim?

Uber paid nearly 10 million dollars for the site. Which was all private money they use. I’m not even sure if the total hazelwood green is worth a third of that. Hazelwood green development is made possible by mostly public tax dollars and not 100 percent private investment.

Further, if you read the amazon bid, the city was giving its potential sites for the HQ for free. Hazelwood green was offered up for free to amazon. The only site amazon would’ve had to pay for was the amount of land set aside out by the airport. Which is probably the same plot of land that was set aside for the amazon bid. So that pretty much debunks the myth you started about the city land being more valuable than the suburbs.
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Old 12-27-2019, 03:37 PM
 
Location: Brookline
2,969 posts, read 2,346,153 times
Reputation: 3543
It’s hard to compare when that amount of land is not available in the city, but due to boredom here is the closest you can get...

A lot the size of 0.94 acres just sold last month for 65k in Green Tree in the city. This is NOT the hottest area of the city, so its a good example of land for sale in the city that is not inflated by the market, so 65 x 600 would be 39MM for the same size as Uber just purchased.

Now that is a single lot, so it really is not a good example. The largest single site for sale in the city that I can find is located in Brookline and is only 34 acres. It is currently listed for 2.5MM, which would equate to $44MM for what Uber just purchased.

These are private sales and listings with no tax incentives involved so it pretty much debunks the myth that city land is less valuable than in the suburbs and being given away for free or with tax incentives.
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Old 12-27-2019, 03:49 PM
gg
 
Location: Pittsburgh
21,750 posts, read 20,680,889 times
Reputation: 14058
Quote:
Originally Posted by bradjl2009 View Post
Exactly. Uber wants 600 acres instead of the 50 they have now. There's absolutely not that much undeveloped land available anywhere in the city limits. This has nothing to do with things in the city, just where you can get that much land in one area....

Funny how a certain someone wants to ignore how Aptiv is moving from O'Hara to Hazelwood so they can expand beyond what they are capable of in that area. Guess it doesn't fit the narrative.
Yep. Shame this place is wildly overrun with negative garbage ALL the time, but that is sort of the Internet as a whole. Reminds me of when you were a little kid in a classroom setting. The negative people are always trying to get others to follow them in their negative little worlds. I feel for them, but man they sure overrun places with their crying and telling everyone how horrible everything is ALL the time. Goodness!
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