Six days after lunch meeting, City, Penguins announce Civic Arena site deal

Six days after lunch meeting, City, Penguins announce Civic Arena site deal

The City of Pittsburgh and Pittsburgh Penguins have a tentative deal over the development of the team’s former home, albeit 120 hours later than Mayor Bill Peduto’s prediction. 

As part of the deal to hurry along the oft-delayed development of the 28 acre site connecting the Hill District with Downtown, the Penguins will give up an option that awarded the team the difference between the property value and a $15 million payment. 

That payment from the city’s coffers to the Penguins was a sticking point for Peduto, and it’s removal encourages the mayor about future development. 

Monday, November 6, 2017/Author: Stephen Caruso
Categories: Pittsburgh
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